Price Drop - Seller Financing - Partner Dispute - Restaurant - Bar - Hookah Lounge - Queens - Entertaining all Offers
New york (Queens)

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.

Property Information

Listing Number:
11655
Business Type:
Established Businesses
Business Category:
Restaurant/ Cafes
State:
New york
County:
Queens

Other Information

Financial Information

Asking Price:
$600,000
Gross Income:
$1,227,764
Cash Flow:
$259,004
Seller Financing:
$200,000  

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Business Description

What a Great corner Location in an unbelievable part of Queens NY. Situated on one of the busiest blocks in a fast moving , up & coming expensive area where it is very hard to find businesses for sale because of the heavy population this area has to offer. Also this location is located near the new City ferry which will give easy access for other potential customers. Due to a partner dispute the sellers are ready to move forward with this sale & will entertain & finance a deal with the right offer. All set up for an experienced operator or a first time buyer who is looking to break into this Hot industry. Current owners invested over 400k & recently renovated with all top of the line equipment & upgrades. Fully trained staff in place with a very favorable lease with low rent for this area. All numbers 100% verifiable through P.O.S. The break even point on this business is $12,500. You do the math. Nothing but real money to be made with room to grow even more at this location. Adding lunch , online ordering , deliveries & catering are just some ideas to increase sales and profit. Sales are 70% alcohol 30% food. Credit card sales to cash sales 50% / 50%. This location also has a full basement with plenty of storage and an office. Please have proof of funds ready.
 

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!

Listing Number : 11655

Business Listed By

Joseph Mesi

Email this List   631-236-8598
Email this List   631-271-1731 EXT 7
Email this List   joseph@eastcoaststores.com
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