Water Front Restaurant in Queens, NY – Consistent Revenue thru COVID

Price: $688,000

Location: Queens, NY

Industry: Food and Restaurants

Listing ID: 0311022020

Ted’s Restaurant is a unique restaurant business with 10 year of experience servicing a beach town community. The restaurant is open 7 days a week.  The restaurant business consists of 85 percent dining in the restaurant and 15 percent delivery.  The restaurant offers a wide area of appetizers, salads, soups, seafood and grilled options are also available.  The restaurant host weddings, charitable events, political fundraisers, birthday parties, graduations and anniversary celebrations.  The restaurant has been on a Food Network, it also offers its customers live music on the weekends and during the holidays and summertime.

Thru the covid 19 crisis, the businesses revenue has remain constant.

 

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