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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 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 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