Waterfront Restaurant & Bar– Prime Location – Queens, NY

Price: $750,000

Location: Queens, NY

Industry: Food and Restaurants

Listing ID: 05132021

Very profitable restaurant located along the water in Rockaway Beach in Queens, NY and maintains strong year-round sales. The indoor dining area can seat up to 100 guests. The outdoor covered deck can seat an additional 100 guests and provides stunning views of the water. The restaurant has a full kitchen and two fully stocked bars (inside and outside). On weekends the restaurant features live music entertainment for its guests. The venue is large enough to host weddings, political fundraisers, anniversaries, graduations, and birthday celebrations. The business is headquartered in a 6,000 Square-foot facility and is open 7 days. The restaurant is approved to operate by the Department of Health and has a liquor license. It provides delivery through Uber Eats, Seamless, and GrubHub.

The company was founded in 2010 and benefits from an excellent reputation for high quality work, generating repeat business. This restaurant benefits from excellence in customer service. Seller will provide hands-on training to ensure a smooth transition.  The business is priced to sell with a highly motivated seller.

The property is also for sale at $5.2M and features 200 linear feet of dock space and a newly remodeled residential unit upstairs.

For more information, please contact: [email protected]

  • Asking Price: $750,000
  • FF&E: $100,000 (included in Price)
  • Annual Cash Flow: $269,000
  • Gross Revenue: $1,162,000
  • Inventory at Cost: $50,000
  • Employees: 6 FT, 10 PT
  • Monthly Rent: 15,000
  • Security Deposit: $30,000
  • Payroll: $20,000 per month
  • Down Payment: Negotiable
  • Building Size: 6,000 Sq Ft
  • Established: 2010

Reason for Selling: Owner is seeking retirement

Listing Details

Gross Revenue: $1,162,000

Cash Flow: $269,000

FFE: $100,000 (Included in Price)

Inventory: $50,000

Real Estate: $5,200,000

Terms and Conditions?:

Option to buy real estate

Reason For Sale:

Retiring

Training & Support:

Will Train

Operation

Year Established: 2010

Days & Hours of Operation: 7 Days

Owner Hours Per Week: 40

Employees: 6 FT, 10 PT

Location

Monthly Rent: 15000

Type of Location: Water Front

Square Footage: 6000

Facilities Information:

The Company is located in Queens, New York in a 3-story building which consists of a 6,000 square foot restaurant, where the main dining area can seat up to 100 guests.  In addition, it contains an outdoor canopied seating of up to 100 additional guests along with a full kitchen, fully operational bar, inside and outside. In the main dining area and outside dining area, the restaurant has views of gorgeous sunsets, wildlife and of the Manhattan skyline. 

Summary

Historical Summary:

Established in 2010