Price Drop - Seller Financing - Partner Dispute - Restaurant - Bar

Astoria, NY (Queens County)

Seller Financing Available
Price Drop - Seller Financing - Partner Dispute - Restaurant - Bar
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Asking Price: $700,000

Cash Flow: $259,004

Gross Revenue: $1,227,764

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $7,400 /Month

Established: N/A

Price Drop - Seller Financing - Partner Dispute - Restaurant - Bar

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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.

Detailed Information

Location:
Astoria, NY
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
6/10/2029
Financing:
200000
Support & Training:
Seller willing to train new owner
Reason for Selling:
other business interests
Business Website:
http://www.eastcoaststores.com
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(from currently available funds)
 
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Henry Galasso

Business Listed By:
Henry Galasso

East Coast Stores LLC, NYC

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