1. Home
  2. Businesses for Sale
  3. New York
  4. Restaurant/ Cafes/ Diners
Business for Sale Summary

Renovated Banquet Hall for Sale in Queens County, NY - Excellent Potential - 36826

Business Type: bar/tavern/night clubs,other eating & drinking places,other food stores,restaurant/ cafes/ diners
Renovated Banquet Hall for Sale in Queens County, NY - Excellent Potential
Get Instant Access to the Business Financial Information

Take Action

This Listing Has Not Been Added to Your Portfolio Add this listing to your portfolio to view confidential financial info
View Financials Free Get the Name & Address Click Here
*Some information is only available to registered members. Please login or register to view confidential information.
This business has received 32 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $750,000 Down Payment $750,000
Gross Revenues $1,350,000 Lease Remaining Register Free to View
Owner’s Cash Flow $600,000 Number of FT Employees Register Free to View

Financing

$750,000 Down and

Business Description

This fully renovated restaurant, located in Queens County, NY, is now available for sale and is currently utilized primarily as a banquet hall for private events. However, it presents exceptional potential to operate as a full-service restaurant or steakhouse, making it a versatile investment opportunity.

The sale includes the prime location and all equipment necessary for operation, excluding the business name. The property boasts a top-of-the-line kitchen, featuring walk-in refrigerators, walk-in freezers, a dedicated butcher kitchen, and much more, ensuring that all culinary needs are met efficiently. A liquor license is also available, adding further value to the offering.

Additionally, the space is secured by a long-term lease that is well below market value, positioning it attractively for a quick sale. This unique opportunity is priced competitively, drawing attention from potential buyers looking for a profitable venture in the food service industry.

To learn more, please contact the broker, Nathan F. Goldstein, at 1-877-735-5224.

In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials,” fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.