Queens Restaurant/ Rent 3% of Sales of $2,100,000

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Asking Price:
$1,000,000

Gross Revenue:
$2,100,000
Cash Flow:
$300,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$500,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

The seller has just announced the sale of his GOLD MINE business. The business is strong, highly profitable with earnings of $300,000!! Location is a true AAA DIAMOND on a main street surrounded by an affluent residential community, many businesses, with easy access to Subway lines and the LIRR. This is a one-of-a-kind place with weekly sales of $40,000 and low overhead. The real GOLD- Rent is only 3% of sales which is unheard of and it gets better, there are 20 years left on the lease. There are over 50 seats inside with outside seating for an extra 20 guests when the weather breaks. This is a UNIQUE sale and sure to catch anyone’s attention. A full liquor license is in place. Please refer to listing number 13760 when inquiring about this restaurant.

About the Business

Location:
Queens County, New York
Number of Employees:
18
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About the Sale

Training/Support:
Yes

Listing Info

ID:
1634808
Ad Detail Views:
0

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Business Listed by

Ken Stein

The Kensington Company

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