Profitable Salad and Sandwich Restaurant for Sale in Queens, New York!

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Asking Price:
$110,000

Gross Revenue:
$535,000
Cash Flow:
$120,580
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Open and Operating Since 2011, Own this Profitable Soup, Sandwich, and Salad Restaurant for Sale Generating a SIX FIGURE INCOME at less than 2X Earnings. Great Books and Records Should Qualify This Restaurant for SBA Lending.
Earning six figures doesn't have to be hard or complicated. All it takes is a owning a profitable business, with a simple and executable concept...offer great food at a reasonable price, while providing consistent quality service and fresh ingredients. This profitable restaurant for sale does that and more! Annual Sales at this restaurant for sale are over $530,000 with total Owner Earnings exceeding $120,000!
The restaurant for sale is located in Queens, New York and is surrounded by both tons of residential customers as well as one of the top five business districts in all of New York City. With its young and diverse population, fast affordable healthy food choices are perfect for this community and the 4-star ratings this successful restaurant for sale receives is testimony to its popularity. The business brought to you by We Sell Restaurants is truly turn-key and so is the amazing lease. The site is a very manageable 1,300 square feet plus a full basement for an extra dry storage space. There is three years left on the lease along with a 10-year option to renew guaranteeing the new owner years of continued operation in the same successful location. Rent, including CAMS, is $5,400 per month. Combine that with cost of goods at less than 26% of net sales and wages, aside from the generous owner's compensation, of around 23% of net sales and you have a highly profitable formula delivering six figure earnings at this restaurant for sale!
The menu at this restaurant for sale is simple, easy to execute, and perfect for both the residential and business customers. Fresh made Salads, Wraps, Hot & Cold Sandwiches, Soups, Fresh Juices, and Smoothies are the big hits. Revenue at this restaurant for sale comes from many different sources: Dine-In, Carry-Out, Delivery, and Catering. After seven years of operation at this restaurant for sale, the owner is taking a new career path and is offering this turn-key profitable business at a very reasonable price and will even consider owner financing for a well-qualified buyer.

About the Business

Location:
Queens, New York
Year Established:
2011
Number of Employees:
7
Real Estate:
Leased
Building Sq. Ft.:
1,300
Rent:
$5,395.00 Per Month
Lease Expiration:
11/30/2021
Facilities:
Bubble tea sealer Kurig commercial Blender Vitamix Ice dispenser Scotsman Orange Juicer automatic Fruit and Vegetable Juicer Long Table Fridge 3 lowboys Two well heater Meat slicer Clover POS 15 chairs 1 couch 8 tables Wok Dishwasher 6 heater stove deep fryer flat top grill panini grill tall standing freezer short freezer Microwave Sound system Security system
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Business sales increased by 54 percent since 2009 to reach a record of 12 9 billion in 2016
Growth & Expansion:
Queens is the largest in size of the five boroughs that make up New York City and the second most populous Since the end of the recession in 2009 it has added 110 500 private sector jobs 10 times more than were lost
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About the Sale

Reason For Selling:
Relocation
Training/Support:
Yes

Listing Info

ID:
1669055
Ad Detail Views:
139

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Business Listed by

Steve Weinbaum

We Sell Restaurants
License# GA SL 365512

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152


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Report an Issue 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 & Conditions.