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Wine Bar & Tapas
Location: United States -> New York -> Queens County
Industry: Bars and Nightclubs > Other Bars and Nightclubs




Business Summary

Wine/Cheese and Tapas Bar located on the hottest strip in Queens. 2 floors (900 sq. ft. upstairs and 900 sq. ft. downstairs) with an unbelievable lease, 8 yrs. remaining @ $6,695/mth. (incl. taxes). Everything is in place and it is just waiting for a new owner to continue running the operation. Everything inside is custom made.

After investing over $500k into this prime location the current owner is forced to sell due to personal reasons. If you are looking for a business that has a huge net than this is not for you, but if you are an experienced operator and know a good location and good lease than this is the one that will give you huge returns in a short period of time!

Unbelievable foot traffic on a main strip with thousands of passing motorists each day. You can keep the current concept or bring in something new. The place has a 600 sq. ft. backyard and a 500 sq. ft. prep area that can be converted into a kitchen. It has indoor seating with a patio out back and a small wine cellar in the basement. The owner is very eager and is ready to entertain all offers! You will not find a lease with low rent like this one anywhere on this strip!


Financials

Asking Price Range:  < $250K
Gross Revenues:   $322,581
Cash Flow:   $70,743
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $15,000
Seller Financing:  Yes

About The Business

Year Established:  2010
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Reason For Selling:  Personal reasons.

Photos

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Wine Bar & Tapas Photo 1 Wine Bar & Tapas Photo 2




Print Listing Id: 700269704
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

Also See: Franchise Opportunities > Franchise Resales > New York Businesses For Sale > New York Franchises For Sale > New York Business Brokers



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