Key Money Lease Sale For Famous Restaurant in High Profile Location.

Queens, NY (Queens County)

Lease & Famous Restaurant For Sale
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Asking Price: $300,000

Cash Flow: N/A

Gross Revenue: $1,100,000

EBITDA: N/A

FF&E: $500,000

Inventory: N/A

Rent: $13,333.33 /Month

Established: 1900

Key Money Lease Sale For Famous Restaurant in High Profile Location.

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Business Description

Seize this Rare Opportunity to Own a Famous Restaurant with a lease for $20 SQFT with the surrounding leases in the area going for $90-$160 sqft in a AAA Location. If you are looking for high profile location that caters to everybody including locals, tourists, Millennials, and people from the New York Manhattan Area, the search is over.

Few restaurants have such a rich history. Located directly across the LIRR station, this 8,000 sqft restaurant has become a popular destination spot since its opening in 1900's. The location is surrounded by houses averaging over $1.m. “Big Bucks” being invested in the area.

The owners have invested over million into the location creating an open floor plan for any venue.

The restaurant includes an extensively equipped kitchen (hotel style), a main dining room which seats 140, a cocktail lounge which seats 50 with a copper bar. The Restaurant also features outdoor seating for 22 guests in a cobblestone setting.

The banquet room provides a private venue with an open floor plan that offers flexibility in the layout, perfect for special events such as wedding receptions, commitment ceremonies, bar/bat mitzvahs, and corporate dinners. The room features an outside patio with a waterfall that can accommodate 60-80 people for outside cocktail hours or ceremonies.

The owners are currently selling the lease with all equipment with no financials and has all required licenses and permits to operate. The lease has no transfer fee, Personal Guarantee and has 18 years left. The consistency of this restaurant cannot be beaten by anyone and that would give you the security you need for an investment.

Timing could not be better for this rare and unique opportunity for a new owner operator, an established restaurant/bar group, franchise or an entrepreneur as the owners are seeking a well-matched and suitable successor that has the passion, excitement and desire to keep the legacy of this restaurant alive and thriving.

The signing of a non-disclosure agreement is required to obtain full details about the proposed lease sale with proof of funds. For further information including business details phone or email Ronnie at 888-869-6069 ext 8 or ronnie@bizconsultingexpert.com.

We SUCCEED Only When Our Clients Do.

Detailed Information

Location:
Queens, NY
Real Estate:
Leased
Building SF:
8,000
Lease Expiration:
3/1/2039
Employees:
30
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
8,000 sqft restaurant has become a popular destination spot since its opening in 1900's.
Competition:
What Competition!!
Growth & Expansion:
The right experience operator or franchise can take this venue to the next level with promoting, & social adverting.
Support & Training:
The owners are willing to provide training
Reason for Selling:
Other Business interests
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(from currently available funds)
 
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Darlene Ragone

Business Listed By:
Darlene Ragone

Moxie Brokerage Group, Inc.

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