Mediterranean Restaurant on Queens Blvd Nets $200K. Asking $250K.
Business Description
This long‑established Mediterranean restaurant on Queens Blvd in Sunnyside offers a rare combination of strong financial performance, beautiful renovations, and an exceptional below‑market lease. The business generates approximately $70,000 in monthly sales, with about 20% coming from delivery and the balance from steady dine‑in traffic. The owners currently net roughly $200,000 a year, making this an attractive opportunity for a hands‑on operator who can recoup the entire investment in an estimated sixteen to eighteen months.
The restaurant features about 40 seats across a warm, modern, recently renovated 1,100‑square‑foot dining room, plus a basement for storage and prep. The space has been thoughtfully designed, offering a turnkey environment for a new owner. The three partners are active in the kitchen and are willing to train a buyer, ensuring a smooth transition. The only reason for the sale is a partnership dispute, not performance issues.
Located directly on the super high foot‑traffic and heavy car‑traffic corridor of Queens Blvd, the restaurant benefits from constant visibility and a loyal neighborhood customer base. The lease is one of the strongest selling points: rent is only $9,000 per month with a 10‑year term and 3% annual increases, well below market for this stretch of Sunnyside.
This is a profitable, stable, and well‑positioned Mediterranean restaurant with tremendous upside for an engaged owner. The asking price is $230,000.
The restaurant features about 40 seats across a warm, modern, recently renovated 1,100‑square‑foot dining room, plus a basement for storage and prep. The space has been thoughtfully designed, offering a turnkey environment for a new owner. The three partners are active in the kitchen and are willing to train a buyer, ensuring a smooth transition. The only reason for the sale is a partnership dispute, not performance issues.
Located directly on the super high foot‑traffic and heavy car‑traffic corridor of Queens Blvd, the restaurant benefits from constant visibility and a loyal neighborhood customer base. The lease is one of the strongest selling points: rent is only $9,000 per month with a 10‑year term and 3% annual increases, well below market for this stretch of Sunnyside.
This is a profitable, stable, and well‑positioned Mediterranean restaurant with tremendous upside for an engaged owner. The asking price is $230,000.
About the Business
- Years in Operation
- 26
- Employees
- 5 Full-time
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,100
- Rent
- $9,000 per month
- Lease Expiration
- 12/31/2035
About the Sale
- Financing Options
- Not Bankable or Financeable. Cash Offers Only
Listing Info
- ID
- 2546906
- Listing Views
- 17
Listing ID: 2546906 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleNew York Businesses for SaleNew York Food & Beverage Businesses for SaleNew York Mediterranean Restaurant Businesses for Sale
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