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Great Bar & Grill In Queens For Sale

Queens, New York, US
Asking Price:
$129,000 (USD)
Sales Revenue:
$300,000 (USD)
Cash Flow:
Available on request

Great Bar & Grill w/bsmt. The owner spent considerable time and money designing this location with great attention to detail. They are observant of Covid regulations and have added quite a bit of outdoor seating. It is a great local restaurant offering burgers, fries, beer/wine, a friendly atmosphere and great customer service. It has all that a restaurateur would look for, low rent ($4,013/mth), 1,200 sq. ft., plus a 150 sq. ft. yard, a large kitchen with full grill and hood and a finished prep basement of 600 sq. ft. You can come in today and operate without having to spend a penny on upgrades/repairs. The menu can be expanded to add daytime service, weekend brunch, etc. They are currently open only Thursday through Sunday 4pm -11pm. There 3 years remaining on the current lease, but the landlord is open to a new 10 year lease starting at slightly higher rent. The business is currently operated on an absentee basis as the owner has moved out of the country. In 2019 the business grossed approx. $300,000.00. They closed for 6 months in 2020, but in the dead of winter 2021 have been averaging approx. $1,200/day in sales with only 4 days of weekly operations. This will uptick in the spring. Ideally, this location needs an owner/operator to really grow. The current payroll is approx. 30% of gross sales. We are seeking a serious and financially qualified buyer with at least $75K in liquid funds to cover the down payment and rent security. To learn more, please call, text or email Mel Vaz today. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

If interested, please contact the seller through the form on this page.

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Business Operation

Reasons for selling:

Owner has moved out of the country.

Years established:

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

65,000.00 Down & $64K over 5 yrs. @ 6%.

Furniture / Fixtures value:
$50,000 (USD)
Inventory / Stock value:
$7,000 (USD)

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