Turnkey restaurant by owner / low rent / beverage store & fast food
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Great low investment opportunity for an aspiring restaurant owner or fast food / beverage franchise. $3200 monthly rent for 1100 sqft turnkey restaurant space is hard to find in North Flushing. Existing range hood, walk-in refrigerator and freezer. Gas can be connected if necessary.
This location is currently an operating Vietnamese restaurant with existing local clientele. This is the 2nd location of New York Pho House. The seller is open to maintaining the current concept or the menu if the buyer is interested.
Seller can help first-time restaurant owner to get started, for example, with registration, inspection, logistics, menu or marketing.
This location is currently an operating Vietnamese restaurant with existing local clientele. This is the 2nd location of New York Pho House. The seller is open to maintaining the current concept or the menu if the buyer is interested.
Seller can help first-time restaurant owner to get started, for example, with registration, inspection, logistics, menu or marketing.
About the Business
- Employees
- 4 (2 Full-time, 2 Part-time)
- Facilities & Assets
- Fully electrical Kitchen with 5 ft range hood that can be expended to 11-12 ft. The building has existing 2 inch gas line that can be connected as well. Functional walk-in freezer and refrigerator with plenty of room for storage and additional freezers if needed. Kitchen equipment currently include a flat top, fryer and multiple electric stoves for a Vietnamese concept that mainly serve soup noodle.
The front of the house currently seats 19 with a beverage refrigerator.
The lease increase 3% a year and also be renewed for 5 more years. - Market Outlook / Competition
- North Flushing is a dense and diverse suburban area with significant Chinese and Korean population. Most of the customers are locals and high school students from nearby high school. Nearby restaurants are not really competitions. Most customers decide the restaurants only before driving to the location.
- Opportunities for Growth
- This area is getting more competitive as the Flushing Chinese and Korean communities continue to grow. More upper middle class families are moving into the neighborhood for its relative quietness and close proximity to central Flushing.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,100
- Rent
- $3,200.00 per month
- Lease Expiration
- 10/14/2030
About the Sale
- Seller Motivation
- Concept mismatch. This location is better for a fast food restaurant or beverage
- Transition Support
- This is a perfect low investment opportunity for aspiring restaurant owners. I have personally opened 2 restaurants for investors and 1 restaurant for myself. I am more than willing to provide guidance and support for the buyer on anything related to the restaurant.
We are also open to the buyer maintaining the current Vietnamese concept.
Listing Info
- ID
- 2478062
- Listing Views
Business Location
Listing ID: 2478062 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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