Queens Corner Bar Near Subway - Only $110k

Not Disclosed, NY
Queens County

Asking Price: Annual Revenue:
$110,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots

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RE: Queens Corner Bar Near Subway - Only $110k Broker: Bob Dunphy
Owner Financing is Available!

Quick Facts

Asking Price: $110,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 10
BBN Listing #: 738135879
Broker Reference #: 6842-826652

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Business Overview:

Ideally located on the corner of a major street just one block from a busy subway station, this bar was created to be a friendly, local watering hole in the up and coming neighborhood of Ridgewood, Queens. Aside from the nightly fun of being with friends, dedicated patrons enjoy comedy, trivia and game nights plus karaoke on weekends. Beer, wine, liquor, light food and the best specialty cocktails in the neighborhood are served by warm and welcoming bartenders.

The bar and interior are beautifully decorated, and it has an outdoor seating area within the property line of the building, so a sidewalk seating permit is not required from the city, even when the current exceptions expire. Attract new customers and increase revenue with an expanded food menu, which can be done by expanding adding a kitchen in the basement.

Hours of Operation: Sunday-Thursday 4pm-2am. Friday-Saturday 4pm-4am.

Lease: The bar is approximately 1,800 square feet plus basement space. It is corner location in a mixed-use building. Rent is $2,760/month plus real estate taxes. Five years remain on the lease plus there is a three-year option. Tenant pays electricity. Water is included.

Terms: Asking price is $110,000, including FF&E, leasehold improvements and inventory. Partial seller financing may be available to qualified buyers.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Other business interests.

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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