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NEW PRICE****Cheap Rent Coffee Shop Corner Long Island City - NET $136k- MUST SEE!!

NEW PRICE****Cheap Rent Coffee Shop Corner Long Island City - NET $136k- MUST SEE!!
New york (Queens)

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Disclaimer

Disclaimer: The financial information herein has been provided by the seller. East Coast stores or east coast business brokers or its brokers make no claim to have verified this information. We recommend that the buyer conduct his own do diligence and perform the financial verification needed to conclude any due diligence. The buyer understands that they will hold ECS or ECBB harmless of any claims resulting in misrepresentation by the seller.

Non Confidential Information

Property Information

Listing Number:

11469

Business Type:

Established Businesses

Business Category:

Restaurant/ Cafes

State:

New york

County:

Queens

Other Information

Financial Information

Asking Price:

$199,000

Gross Income:

$500,000

Cash Flow:

$136,100

Seller Financing:

Confidential Information

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Business Description

LOCATION, LOCATION, LOCATION!!! Great opportunity to own a deli/cafe in Long Island City. This corner store gets tons of foot traffic and is across the street from a high school and college. The store is currently doing around 10k a week and is being ran semi-absentee. The owner can monitor his business from anywhere with 8 cameras that tie into his cell phone. The owner currently has 8 years left on his 10 year lease and pays $4,200 a month in rent which is a steal for the location. The owner is looking to move out of country, so he is not willing to hold any notes on the business.

If you are interested in listing your business with East Coast Stores, obtaining a free valuation OR if you would like to earn a referral fee and know someone who would like to sell, contact us at Listings@eastcoaststores.com. We accept quality listings!