LIC 5 DAY CLOSE 4pm $36K WK LOW RENT GOLDEN OPPORTUNITY
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:

11475

Business Type:

Established Businesses

Business Category:

Delicatessen 5 Day Industrial

State:

New york

County:

Queens

Other Information

Financial Information

Asking Price:

$1,399,000

Gross Income:

$1,900,000

Cash Flow:

$432,172

Seller Financing:

$500,000

Confidential Information

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Business Description

This industrial Monday through Friday Quick Serve restaurant has a full-time staff of 16 people, open from 5 a.m. to 4 p.m. only. Very easy to manage. You'll never work nights and weekends again. Plenty of storage and completely renovated in 2013. Not only was the building cosmetically renovated but also the foundation, the roof, the electrical, the plumbing, the HVAC, and the exhaust fans and the refrigeration. Owner Spared no expense when renovating to the tune of 700k. 13 years left on this lease. Rent is 70% under market and this area is thriving! 2100 square feet with an 800 square feet basement and anybody who has some catering experience could take this to a whole other level. Owner currently nets $430,000 per year and will hold a half a million dollars in a promissory note if you have food experience. Please have proof of funds ready Henry Galasso 516-779-8900 or 212-203-6971

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!