High Profits, Established, Location...6 days!

Queens, NY (Queens County)

High Profits, Established, Location...6 days!

Asking Price:$395,000

Cash Flow:$185,000

Gross Revenue:$875,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:2003

High Profits, Established, Location...6 days!

Get Financing Save Print Share Valuation Report

Business Description

Kosher Middle Eastern Cuisine in a city that caters to Orthodox Jew with over 75% keep Kosher and require Kosher Foods. This City was written up in Wall Street Journal as suburban living in Queens. The secret got out this middle class neighborhood surrounded by Parks, Temples, Schools and Colleges. You have three major highways within minutes and short commute into Manhattan.
This store has easy operation uses four meats for most dishes along with vegetables, salads and 8 different knock your socks off sauces. Lunch, dinner, late dinner and noshing: open noon to midnight.
Looking for experienced owner in management, Middle Eastern cooking not vital as employees know all recipes. New items would be a great hit with the loyal customers. This place have two employees that also are certified as inspector
with the Rabbi for the Certification so knowing Dietary Laws fully not vital.

Detailed Information

Employees:
10
Facilities:
Over 2300 square feet with full basement for refrigeration, storage preparation area as well as office with full computerized security. This Business has been at location for 14 years and has good working equipment. This is on a major street in this town with great visibility and plenty of street parking which normally is a problem on this street. New lease will be given at way below market rent.
Competition:
This Business on the main street of Restaurants with all types of product offerings all with in 1/2 mile of this small city. This is a landmark Restaurant that was the only type in town when started years ago. They took advantage of the European and Israeli Orthodox Jews moving in and catered to them with their type of foods and spices. Pita, Schwama, Schmitzi, falafel, hummus etc. Now Middle Eastern Cuisine is a hot trend and this city has 75% of the people Orthodox Jews Requiring Kosher Foods. The second trends is the growth of casual dining where no waitress, customers order at counter and watch food preparation and take to table. This Business has been doing that for years. Business has more space, higher quality food, lower prices, longevity on street, better service than direct competitors.
Growth & Expansion:
Semi- absentee they never explored catering or delivery while this city is surrounded by Temples,Schools and Colleges all within minutes away. A loyal customer base so promotional programs should be explored with schools and students(card discount,Etc). The hot trend in Middle Eastern Cuisine can increase product offerings by viewing this type food in other cities and add to menu.
Financing:
negotiable
Support & Training:
Three weeks but the employees will remain and have great experience at this location and know all recipes.
Reason for Selling:
Owners have two different Businesses to run that is why sadly selling.

Listing Statistics for Premium Members

Ad#:1206883 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Michael Schimmel

Business Listed By:
Michael Schimmel

Excel Business Advisors LLC

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


The Carving Board

Franchise Opportunity In NY
Capital Required: $300,000