Queens Restaurant/ Rent 3% of Sales of $2,100,000

Not Disclosed, NY
Queens County

Queens, NY

Asking Price: Annual Revenue:
$1,000,000 $2,100,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Queens Restaurant/ Rent 3% of Sales of $2,100,000 Broker: Ken Stein

Quick Facts

Asking Price: $1,000,000
Annual Revenue: $2,100,000
Net Profit: Not Disclosed
Cash Flow: $300
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2009
Employees: 18
BBN Listing #: 72524701
Broker Reference #: 13760

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Business Overview:

The seller has just announced the sale of his GOLD MINE business. The business is strong, highly profitable with earnings of $300,000! Location is a true AAA DIAMOND on a main street surrounded by an affluent residential community, many businesses, with easy access to Subway lines and the LIRR. This is a one-of-a-kind place with weekly sales of $40,000 and low overhead. The real GOLD- Rent is only 3% of sales which is unheard of and it gets better, there are 20 years left on the lease. There are over 50 seats inside with outside seating for an extra 20 guests when the weather breaks. This is a UNIQUE sale and sure to catch anyone’s attention. A full liquor license is in place. Please refer to listing number 13760 when inquiring about this restaurant.

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Additional Details:

  • The property is leased.
  • The owner is not 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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