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Office Bldg Cafeteria In Queens For Sale

Queens, New York, US
Asking Price:
$114,999
Sales Revenue:
$280,000
Cash Flow:
$70,000

LISTING ID # 33531

5 Day Office Building Cafeteria. Attention all food service operators, especially off-site caterers! This is a 5 day cafeteria inside of a large office building complex in a prime corner location. Only open M-F, 6am-4pm. This 2,000 sf, fully equipped space HAS NO RENTAL EXPENSE if the building occupancy is 89% or less. This is not a typo. It has been in business for over 30 years and the current owners are ready to retire. The cafeteria and kitchen occupy 2,000 sf with 24 seats. The cafeteria and kitchen occupy 2,000 sf with 48 seats. The seats have been temporarily removed due to Covid 19. Adjacent to the cafeteria there is a stunning atrium that can be used for additional seating during the work week and parties of up to 120 guests, plus a DJ, dance floor, etc. It is ideal for private parties and not limited to tenants of the building. In addition, the kitchen is a chef's dream. It could support a 200 seat restaurant or more. If you are currently a caterer working from home or renting a kitchen, this is a home run. If you currently operate a deli or restaurant with high rent and additional overhead, this is a home run. You can have your own dedicated kitchen with no rent until the building reaches 90% occupancy. The current owner offers minimal catering and only a few private parties. There is actually a licensing agreement as opposed to a lease. All equipment is owned by the building, but there are 9.5 yrs. (4.5 5) left on the existing licensing agreement. Once the building hits 90% occupancy or better, the rent is only $500/mth., plus an additional flat utility bill of $900/mth. The operator must maintain the equipment, but if it cannot be repaired the building owner will replace it. In the past year of full operations the business grossed approx. $280,000.00 with an owner's cash flow of approx.. $70,000.00. We are seeking a serious and financially qualified buyer with at least $115K in liquid funds to cover the asking price. The building owners will only assign the licensing agreement to an experienced operator. To learn more, please call, text or email Mel Vaz today at . All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33531 for instant access to this business information.

Business Operation

Reasons for selling:

Retirement

Employees:
2FT/2PT
Years established:
1990

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$150,000
Inventory / Stock value:
$3,000

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