Famous Restaurant For Sale-29081

Queens County, NY
Queens County

Asking Price: Annual Revenue:
$650,000 $850,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Famous Restaurant For Sale-29081 Broker: Jim Aloi

Quick Facts

Asking Price: $650,000
Annual Revenue: $850,000
Net Profit: Not Disclosed
Cash Flow: $104,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 16
BBN Listing #: 67534447
Broker Reference #: 29081

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Business Overview:

Branded Italian Restaurant ,Pizza & Seafood Location Location Location Established 35 years! Seller sick and must sell long term lease! Seller paying out huge payroll do to being sick. Buyer can make improvements and cut payroll to this profitable well know business. Contact Broker Jim Aloi For More info GOLDMINE LOCATION MUST SEE!! Also includes out door waterside summer dinning area! Broker believes gross and net can greatly be increased . This place offers a ten year lease with a ten year option Lots of time to make Millions party room included. NOTE SELLER IS VERY ILL AND PAY TONS OF EXTRA PAYROLL. Seller absentee only takes $2k per week . Lots of heavy traffic fabulous exposure. Wining location can not be beat!! This listing use to always do over a million dollars when seller was in good health. Contact Broker or email us for further information.

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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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