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Well Located Bar And Restaurant In New York For Sale

New York, US
Asking Price:
$799,000
Sales Revenue:
$925,000
Cash Flow:
$190,000

LISTING ID: 36003

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 square feet with an additional 950 square feet 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 for more information. Act quickly; this opportunity won't last!

Business Operation

Reasons for selling:

Retirement

Employees:
6 FT/2 PT
Years established:
12

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$150,000
Inventory / Stock value:
$30,000