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: msussman@inbargroup.com

• 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

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Location

Summary