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Business for Sale Summary

Well Located Bar and Restaurant in New York - 36003

Business Type: misc. service/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes/ diners,bar/tavern/night clubs
Well Located Bar and Restaurant in New York
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This business has received 11 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $799,000 Down Payment $799,000
Gross Revenues $925,000 Lease Remaining Register Free to View
Owner’s Cash Flow $190,000 Number of FT Employees Register Free to View

Financing

$799,000 Down and Open to financing for a qualified buyer

Business Description

Discover an exceptional opportunity in the heart of Queens County, New York. This well-established restaurant and bar has been a local favorite for 12 successful years. The restaurant boasts 1,750 sq ft with an additional 950 sq ft basement. Situated conveniently across from major public transit hubs, it enjoys a constant stream of foot traffic. Don't miss out on this rare chance to secure a prime location with rent 30-35% below market rates, coupled with a long lease. The restaurant was remodeled 6 years ago and a kitchen was added. The current owner did new construction adding 1 million BTU gas line from the street and new meter to service all new kitchen equipment fryers, stoves, etc. As well as 2 new, 3 ton AC units on the roof. There was also a new Ansul Kitchen System installed which is is a pre-engineered, automatic fire suppression system. They also installed a vented hood system as well as a newly installed grease trap. The seller also owns all of the equipment that would come with the sale including all ice machines, one kitchen dishwasher, and two under the bar counter dishwashers. Also included are the fully owned 30 line draft beer system and soda system Contact broker Nathan Goldstein at 877-735-5224 for more information. Act quickly – this opportunity won't last!

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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.