Fire Sale! Popular Bar Restaurant, Great Location

Not Disclosed, NY
Queens County


Asking Price: Annual Revenue:
$80,000 $384,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Fire Sale! Popular Bar Restaurant, Great Location Broker: Sherry M. Wang

Quick Facts

Asking Price: $80,000
Annual Revenue: $384,000
Net Profit: Not Disclosed
Cash Flow: $216,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 3
BBN Listing #: 593652376
Broker Reference #: 86471-111046

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Business Overview:

Fire sale! It's a very profitable wine bar restaurant in Astoria, Queens, close to schools and supermarkets. The location is perfect for any food businesses, such as a sandwich shop, an ice cream shop or a juicy bar. The rent is only $2,050/month for a 500 sq. ft space plus a basement and a sidewalk seating area. 8 years lease left with 10 years option to renew. High profit margin, easy to run. The place is already approved for liquor license and sidewalk cafe license. Call now to get more details and make an offer!

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Market Competition and Expansion:

Very limited competition nearby. Potential Growth: Sales are increasing every month. New owner can do more online orders and caterings to boost the sales. It also has the potential to become a franchise brand.

Reason for Selling:

Family

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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