Restaurant Built Out In Fresh Meadows

Fresh Meadows, NY
Queens County


Asking Price: Annual Revenue:
$320,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant Built Out In Fresh Meadows Broker: Ziggy Marszalek

Quick Facts

Asking Price: $320,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: NY
Year Established: 1980
Employees: Not Disclosed
BBN Listing #: 580749666
Broker Reference #: 22513

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Business Overview:

Restaurant | Unique Design | Multiple Expansion Possibilities:
This restaurant has been open for over 40 years, is a neighborhood institution and has a loyal customer base. It is located on a main street in a central area of Queens County, New York. St. Johns University, with 20,000+ students, is within walking distance at under a mile away. There are bus stops within steps of the front door and New York-Presbyterian just opened across the street. The landlord is very kind and easy to work with.


Full-Service Sit-Down | Unique 66 Foot Long Sun-Room Dining Area:
A full-service restaurant, they offer dine-in and take-out options. There is a full bar and a popular party-room. One of the most interesting features is a unique 66 foot long, sun-room dining area that has 20 tables and seats 58. The main dining room has 6 tables and seats 27 and the party room has 7 tables seating 35 for a total of 120 seats.

Converting Party Room To Other Use:
Because the party-room has a separate street entrance, it can be sealed-off and converted into another business use. The location gets a lot of foot traffic, which makes it an attractive option for a variety of businesses.

Leasehold value between $264,340 to $480,783 depending on market rent assumption.

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Property Features and Assets:

Monthly Rent: $7,220 Lease Ends: 2028-12-31 Area: 2,772 sq/ft Building Type: Attached Terms and Options: CPI

Market Competition and Expansion:

Because the party-room has a separate street entrance, it can be sealed-off and converted into another business use. The location gets a lot of foot traffic, which makes it an attractive option for a variety of businesses.

Reason for Selling:

Retiring.

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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