Corner Location - Restaurant - Bar - Hookah Lounge

Astoria, NY
Queens County

Asking Price: Annual Revenue:
$900,000 $1,227,764

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Corner Location - Restaurant - Bar - Hookah Lounge Broker: Henry Galasso
Owner Financing is Available!

Quick Facts

Asking Price: $900,000
Annual Revenue: $1,227,764
Net Profit: Not Disclosed
Cash Flow: $315,840
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 8
Employees: Not Disclosed
BBN Listing #: 686935273
Broker Reference #: 11655

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Business Overview:

What a Great corner Location in an unbelievable part of Queens NY. Situated on one of the busiest blocks in a fast moving , up & coming expensive area where it is very hard to find businesses for sale because of the heavy population this area has to offer. Also this location is located near the new City ferry which will give easy access for other potential customers. Due to a partner dispute the sellers are ready to move forward with this sale & will entertain & finance a deal with the right offer. All set up for an experienced operator or a first time buyer who is looking to break into this Hot industry. Current owners invested over $400,000 & recently renovated with all top of the line equipment & upgrades. Fully trained staff in place with a very favorable lease with low rent for this area. All numbers 100% verifiable through P.O.S. The break even point on this business is $12,500. You do the math. Nothing but real money to be made with room to grow even more at this location. Adding lunch , online ordering , deliveries & catering are just some ideas to increase sales and profit. Sales are 70% alcohol 30% food. Credit card sales to cash sales 50% / 50%. This location also has a full basement with plenty of storage and an office. Please have proof of funds ready.

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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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