Staten Island, NY
Richmond County

Asking Price: Annual Revenue:
$250,000 $579,841

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Restaurant/Lounge Broker: Ron Cervelli
Owner Financing is Available!
Seller financing is available to qualified buyers.

Quick Facts

Asking Price: $250,000
Annual Revenue: $579,841
Net Profit: Not Disclosed
Cash Flow: $112,224
Total Debt: Not Disclosed
FF&E: $385,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 20
BBN Listing #: 38843909
Broker Reference #: REST671

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Business Overview:

Profitable business opportunity for this highly successful ultra-modern lounge restaurant in a wonderful area of Richmond County, New York. This unique high-end lounge which services an affluent group of customers, has a gross income of $579,841 which represent 70% liquor sales, 30% fusion style foods and a yearly net income of $112,224. This three-year young, Italian fusion style restaurant and nightclub combination with an Asian influence has it all with the best food, drink and service. The restaurant is located in a highly popular active outdoor commercial mall with many other successful retail businesses which attract a high volume of customers. The business is approved for entertainment which offers live music weekly. This restaurant has multiple outdoor areas for dining, drinking and smoking which increases the available customer venue. This Lounge Restaurant business routinely has 20 full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $16,600. The business transaction has an assignable commercial lease which expires 11/08/2026, plus additional options available, with a monthly rent of $13,777, all in, cost per square foot is estimated at $51.66 and rent security of approximately $12,000. This successful lounge restaurant business operation is active six days per week (Closed Monday), with hours from 5:00 pm to 10:00 pm and 2:00 am weekends, Permit-able hours is to 4:00 am. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

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Property Features and Assets:

This business opportunity is in Southern New York State, Richmond County, which consists of a highly populated city with continued demand for this industry. This successful retail facility which consist of approximately 3,160 square feet, three floors, elevated building has an ultra-modern appearance. The bar restaurant business also has multiple outdoor seating / smoking areas for its customers. This business is in a larger commercial mall with various national retail businesses.

Market Competition and Expansion:

Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Reason for Selling:

Sale is due to partner separation.

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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