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Listing Number: 3127

Restaurant/Cafes Business for Sale in Queens County, New York

Business:Restaurant/Cafes Business for Sale
County, State: Queens County, New York
Business Type: Restaurant/Cafes, Other Eating & Drinking Places, Retail

Summary Description

EASTERN QUEENS AREA 5000 SQ FT UPSCALE RESTAURANT PUB LOCATED MINUTES FROM NASSAU COUNTY. THIS ESTABLISHMENT IS SURROUNDED BY THOUSANDS OF TENANTS NEAR RAILROAD STATION. ESTABLISHED 30 YEARS PRESENTLY OWNED FOR 13 YEARS OWNER NOW RETIRING, BUT WILL STAY ON BOARD PART TIME FOR LONG OR SHORT TERM. THIS RESTAURANT HAS THREE DINING AREAS WITH REST ROOMS IN TWO AREAS WHICH IS A GREAT SET UP FOR PRIVATE PARTIES AND CATERING. THEY OFFER LIVE D.J. AND LIMITED DANCING ON THE WEEKEND. THEY ARE PRESENTLY OPEN FOR A SMALL LUNCH CROWD AND LARGE DINNER CROWD. THIS RESTAURANT HAS PREP AREA, LARGE WELL SET UP KITCHEN, SEPERATE WAITRESS AREA, HUGE DRY BASEMENT WITH WALK-INS, LIQUOR ROOM AND OFFICE. THEY NOW OFFER A LIMITED UPSCALE AMERICAN MENU INCLUDING THERE FAMOUS BURGERS. SELLER WILL HELP ARRANGE NEW 10 OR 15 YEAR LEASE. THIS RESTAURANT HAS BEAUTIFUL LARGE SEPERATE BAR AND QUICK DRAW. NEW MOTIVATED EXPERIENCED BUYER CAN GREATLY INCREASE BUSINESS BY ADVERTISING AND PROMOTING THIS GREAT RESTAURANT AND BY BOOKING LOTS OF CATERED AFFAIRS. BOTH ON AND OFF PREMISE. YOU MUST SEE TO APPRECIATE THIS BUSINESS.

About the Sale

Asking price:$450,000 (USD)

Financing:$225,000 down and 225,000.00 FOR 60 MONTHS AT 7 1/2 %

Total Revenues:$843,000 (USD)

Cash Flow:$165,930 (USD)

Reason Selling:RETIRING

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Cafe, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.