5 Day Close 4pm $36K WK Low Rent Golden Opportunit

Long Island City, NY
Queens County

LIC


Asking Price: Annual Revenue:
$1,399,000 $1,900,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: 5 Day Close 4pm $36K WK Low Rent Golden Opportunit Broker: Seller of Business
Owner Financing is Available!
$500,000

Quick Facts

Asking Price: $1,399,000
Annual Revenue: $1,900,000
Net Profit: Not Disclosed
Cash Flow: $432,172
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 858735273
Broker Reference #: 11475

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Business Overview:

This industrial Monday through Friday Quick Serve restaurant has a full-time staff of 16 people, open from 5 a.m. to 4 p.m. only. Very easy to manage. You'll never work nights and weekends again. Plenty of storage and completely renovated in 2013. Not only was the building cosmetically renovated but also the foundation, the roof, the electrical, the plumbing, the HVAC, and the exhaust fans and the refrigeration. Owner Spared no expense when renovating to the tune of $700,000. 13 years left on this lease. Rent is 70% under market and this area is thriving! 2,100 square feet with an 800 square feet basement and anybody who has some catering experience could take this to a whole other level. Owner currently nets $430,000 per year and will hold a half a million dollars in a promissory note if you have food experience. Please have proof of funds ready Henry Galasso.

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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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