Allora Italian Kitchen & Bar at Bay Terrace

Bayside, NY
Queens County

Bay Terrace Shopping Center

Asking Price: Annual Revenue:
$3,150,000 $4,000,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Allora Italian Kitchen & Bar at Bay Terrace Broker: Ken Stein

Quick Facts

Asking Price: $3,150,000
Annual Revenue: $4,000,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $4,000,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 60
BBN Listing #: 98894701
Broker Reference #: 13931

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Business Overview:

Allora Restaurant, Bar and Event Facility is located in Bay Terrace Shopping center, one of the busiest & biggest shopping centers in Queens. The seller MUST sell this profitable establishment for a fraction of the MILLIONS invested to build this ONE OF A KIND facility. With yearly sales of $4,000,000, Allora is averaging $80,000 per week in sales while operating 100% ABSENTEE. A more involved owner will be able to propel both the sales and profits of this establishment. A dedicated, hands-on owner who takes over the controls will make it an even bigger success. The restaurant is 6,600 square feet with seating for 480 customers with a Private Party Room to accommodate 75 guests, a Pizza Bar and Bar Area. There is an additional 3,800 square foot Outdoor Patio which can accommodate 220+ guests (2,000 of which is enclosed). There is also a 2,000 square foot mezzanine with storage and office space.

Allora has everything that is needed for them to be a MONSTER business- Great Location, Tremendous Visibility, Tons of Traffic, Beautiful Interior, Ample Parking, Full Surveillance System, Full Liquor License, Outside Seating, Private Office, and is PROFITABLE.

This is truly a once in a lifetime opportunity. Please refer to listing number 13931 when inquiring about this opportunity.

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Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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