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Queens Coffee Shop - Established 22 Years For Sale

Queens, New York, US
Asking Price:
$250,000 Furniture / Fixtures included
Sales Revenue:
$675,000
Cash Flow:
$156,000

HS Listing ID-68238


3 Year Left on Lease , easy to renew with landlord

Rent is $5,500 including Taxes

4 Employees – 2 Part time & 2 Full time

1 of the part time employee is delivery driver

Owner and wife work in the business also

37 people sitting area

Full Basement in which includes Freezer, Walk in box, ice machine , boiler and office

Street Parking

Expenses:

Insurance: $180 Monthly

Electric: $1,200 Monthly

Telephone & Internet: $110 Monthly

Gas: $600 Monthly

Water: $1,200 every 3 months

Payroll and additional expenses available after singing NDA

NO POS System all regular register

Shop Grossing about $12K-$15K Weekly

Netting $3,000 Weekly

A signed confidentiality agreement is required for the exact location

Property Information

Real Estate:

Lease

Lease Terms:

3 Year Left on Lease , easy to renew with landlord

Leasehold Rent:

$66,000 per annum

Business Operation

Reasons for selling:

Retirement

Employees:
4
Years established:
22

Other Information

Support & training:

Yes.