Listing ID: 36337

Business Overview

**Signed confidentiality agreement required for exact name and Location**

Latin American restaurant specializing in delicious Hispanic foods and seafood. The layout consists of a full kitchen and dining room that comes with two entrances right outside of the subway station. An extra 750 SQFT section was used as a hall for weddings, previously the lounge area with a full bar and stage. The potential for this enormous space is endless. Prior to the pandemic, this restaurant doubled as a lounge for the exciting nightlife in the area opening 24/7. Full basement is included, another 2500 SQ FT with exits to the main road, as well as an extra patio area that can be converted to something more. The basement is primarily used for dry storage, walk-ins, and offices. Full Liquor License in place. The same owners have established the restaurant over the last 15 years and are now looking to retire. 7 years left on the lease with a 5-year option. Contact me for more information. 

Financial

Seller Financing Available

  • Asking Price: $699,999
  • Cash Flow: $325,000
  • Gross Revenue: $1,560,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Lease
  • Property Included:N/A
  • Building Square Footage:2,800
  • Lot Size:N/A
  • Total Number of Employees:25
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Full basement is included, another 2500 SQ FT with exits to the main road, as well as an extra patio area that can be converted to something more. The basement is primarily used for dry storage, walk-ins, and offices.

Purpose For Selling:

Retirement