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Businesses For Sale > Business For Sale in Forest Hills, New York (NY)

Restaurant and Bar with Rent Only $3,650 for sale in Forest Hills, NY

Forest Hills, New York (NY)

Asking Price: Gross: Cash Flow:
$ 169,000 $ 650,000 $ 80,000

Business Summary:
Don’t miss this opportunity to own and operate this warm and inviting restaurant/bar. For way less than what it would cost to build, you can acquire this established, restaurant in one of Queen’s best, affluent communities with below market rent. They have a very favorable lease with reasonable escalations and the rent is only $3,650 per month which is unheard of in Forest Hills. This place is a “go to” neighborhood eatery with an incredible social atmosphere, excellent Yelp reviews, is loved in the community, has plenty of repeat, loyal clients, with delicious food and drinks. There is plenty of upside growth potential as the current owner is not a food service operator which is why is its priced to sell! This state of the art restaurant has a beautiful built-out with plenty of seating, bar, and prep & storage areas. It would cost over $500,000 to build a restaurant of this kind today in locations that are not nearly as desirable. This turn-key opportunity is priced to sell quickly at only $169,000. Please refer to listing number 13529 when inquiring about this opportunity.

 

   
Number of Employees: 8  
   
Seller Reference Number: 13529
BusinessMart.com Listing Number: 220865
 

 

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For more info contact:

Ken Stein

Kensington Company & Affiliates
516-626-2211

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