Successful pub/restaurant for sale
Business Description
Neighborhood institution
This well-established Irish pub and sports bar represents a rare opportunity to acquire a neighborhood institution in the thriving East Elmhurst/Jackson Heights area of Queens. Operating continuously as a pub for over 60 years, with current ownership maintaining successful operations for 23 years, this business has built an exceptional reputation and loyal customer base.
BUSINESS HIGHLIGHTS:
- Annual revenue of $1.1 million demonstrates strong financial performance
- Consistent Letter A health grade from NYC Board of Health
- Licensed capacity for 107 patrons across 1,800 sq ft of bar, kitchen, and dining space
- Additional 2,200 sq ft basement storage area
- Famous for signature Buffalo wings and burgers
- Popular nightlife destination with strong sports viewing clientele
- Turn-key operation ready for immediate transition
FINANCIAL OVERVIEW:
- Asking Price: $375,000
- Annual Revenue: $1,100,000
- Monthly Lease: $9,500
- FF&E Value: $150,000
- Inventory: $15,000 (included)
- Lease Term: Through May 2031 (landlord open to extension)
This presents an exceptional opportunity for an experienced operator to continue a beloved neighborhood tradition or implement their own vision. The business benefits from decades of goodwill, established systems, and a prime Queens location with strong foot traffic and community support.
The retiring owner has maintained consistent operations and built lasting relationships within the community. With its proven track record, loyal customer base, and solid financial performance, this establishment offers both stability and growth potential for the right buyer.
Ideal for restaurateurs seeking an established operation with strong cash flow in one of New York's most diverse and dynamic boroughs. Serious inquiries only - appointment required for viewing. No brokers!
BUSINESS HIGHLIGHTS:
- Annual revenue of $1.1 million demonstrates strong financial performance
- Consistent Letter A health grade from NYC Board of Health
- Licensed capacity for 107 patrons across 1,800 sq ft of bar, kitchen, and dining space
- Additional 2,200 sq ft basement storage area
- Famous for signature Buffalo wings and burgers
- Popular nightlife destination with strong sports viewing clientele
- Turn-key operation ready for immediate transition
FINANCIAL OVERVIEW:
- Asking Price: $375,000
- Annual Revenue: $1,100,000
- Monthly Lease: $9,500
- FF&E Value: $150,000
- Inventory: $15,000 (included)
- Lease Term: Through May 2031 (landlord open to extension)
This presents an exceptional opportunity for an experienced operator to continue a beloved neighborhood tradition or implement their own vision. The business benefits from decades of goodwill, established systems, and a prime Queens location with strong foot traffic and community support.
The retiring owner has maintained consistent operations and built lasting relationships within the community. With its proven track record, loyal customer base, and solid financial performance, this establishment offers both stability and growth potential for the right buyer.
Ideal for restaurateurs seeking an established operation with strong cash flow in one of New York's most diverse and dynamic boroughs. Serious inquiries only - appointment required for viewing. No brokers!
About the Business
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,800
- Rent
- $9,500.00 per month
- Lease Expiration
- 5/1/2031
About the Sale
- Seller Motivation
- Retirement
Listing Info
- ID
- 2478692
- Listing Views
Listing ID: 2478692 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.
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