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Kensington Company

Allora Italian Kitchen And Bar In Queens For Sale

Queens, New York
Asking Price:
$3,150,000 (USD) Furniture / Fixtures included
Sales Revenue:
$4,000,000 (USD)
Cash Flow:
$900,000 (USD)

Allora italian kitchen & bar is located in bay terrace shopping center, one of the busiest & biggest shopping centers in queens. The seller must sell this profitable establishment for a fraction of the millions invested to build this one of a kind facility. With yearly sales of $4,000,000, allora is averaging $80,000 per week in sales while operating 100% absentee. A more involved owner will be able to propel both the sales and profits of this establishment. A dedicated, hands-on owner who takes over the controls will make it an even bigger success. The restaurant is 6,600 square feet with seating for 480 customers with a private party room to accommodate 75 guests, a pizza bar and bar area. There is an additional 3,800 square foot outdoor patio which can accommodate 220+ guests (2,000 of which is enclosed). There is also a 2,000 square foot mezzanine with storage and office space.
Allora has everything that is needed for them to be a monster business- great location, tremendous visibility, tons of traffic, beautiful interior, ample parking, full surveillance system, full liquor license, outside seating, private office, and is profitable.
This is truly a once in a lifetime opportunity. Please refer to listing number 13931 when inquiring about this opportunity.

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Furniture / Fixtures value:
$4,000,000 (USD) - included in the asking price

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