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Business Sales & Acquisitions

Sports Bar and Restaurant – Long Island City

Price: $950,000

Location: Queens, New York

Industry: Food and Restaurants

Listing ID: 00178

This well-established favorite neighborhood meeting place is located two minutes from Manhattan, near the F subway line and Union Hall. Found in an up-and-coming neighborhood in Long Island City, it is predicted to be the next Williamsburg, Brooklyn. The young people are rushing into the neighborhood, and are enjoying this renovated and upgraded establishment. With its 4 o’clock license this solid business has a tremendous opportunity to further increeasing its success in the coming months and years.

Amenities include:
– Full kitchen
– Personal TV’s at every table, approx. 14 tables

Listing Details

Down Payment: $600,000

Gross Revenue: $1,450,000

Cash Flow: $500,000

FFE: $100,000 (Included in Price)

Inventory: $10,000 (Included in Price)

Reason For Sale:

Seller has other interests.

Training & Support:

Will provide as needed.

Operation

Year Established: 2002

Year of Last Acquisition: 2002

Days & Hours of Operation: 7 days a week

Owner Hours Per Week: 20 hours

Non-Owner Payroll: $10,000

Employees: 3FT, 8PT

Managers: 1

Location

Security on Lease: 9000

Lease Option: Yes

Monthly Rent: $ 8,100

Type of Location: Stand Alone

Square Footage: 1600

Facilities Information:

Location comes with liquor and restaurant licenses.

Summary

Competition:

Several bistros and pizzerias in the neighborhood.

Potential Growth:

With the right owner’s attention, the business can benefit from the growing population and new construction.