Hot, Modern, Hip, Urban American Restaurant/Bar For Sale
Hot, Modern, Hip, Urban American Restaurant/Bar For Sale
Amazing opportunity to own this unique, beautiful, busy restaurant/bar in prime Astoria! Turnkey operation; Owner financing with 50% down; Tremendous potential for growth; Fusion cuisine - American/Italian; Modernized kitchen; Seats approximately 80 inside and 30 outside; The busiest Astoria street; Themed restaurant that has developed its own niche and has its own clientele; High potential; Intellectual property sold with establishment; All equipment, furniture and fixtures included; Inventory included; Full liquor license; Very marketable; Franchise possible; Excellent lease, 7 years left, LL willing to add 5 more years; Rent $7,500
Location
Country: | USA |
State or Province: | NY |
City: | Astoria |
Location Zip or Postal Code: | 11106 |
Listing Information
Service Type: | Sit-Down Table Service |
Title of Listing: | Hot, Modern, Hip, Urban American Restaurant/Bar For Sale |
Year Established: | 2016 |
Number of Locations: | 1 |
Number of Seats: | 51-150 |
Size: | 1600, Square Feet |
Patio: | Yes |
Number of Employees: | 11-50 |
Hours of Operation: | Monday - Thursday 4 PM - 2 AM Friday 12 PM - 2 AM Saturday and Sunday 11 AM - 2 AM |
Growth or Expansion Opportunities: | Open for breakfast and lunch, franchise possible, Introduce deliveries! |
Reason for Selling: | Too many business projects; Partner moved out of state |
Owner Operated or Absentee Owner or Flexible: | Owner Operated |
Financial Details
Asking Price: | $699,000 |
Gross Revenue: | $1,400,000 |
Gross Revenue Range: | Under $500,000 |
EBITDA Range: | Under $100,000 |
SDE Range: | $100,000 |
FF&E Value (Furniture Fixtures and Equipment) included in price: | Yes |
Inventory Value included in price?: | Yes |
Vendor Financing Available: | Yes |
Asset or Share Sale: | Asset |
Real Estate Owned or Leased: | Leased |
Lease Term Remaining: | 7 |
Total Monthly Rent: | $7,500 |
Financial Comments (include any Financing information that may be useful): | Owner financing with 50% down |
Contact Listing Owner
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