Latin Restaurant For Sale | Jackson Heights, New York
Latin Restaurant for sale in Jackson Heights, New York for $75,000! Currently grossing an estimated $403,397 and nets $94,896. Income is based on an owner/operator role. Restaurant has been built-out to accommodate and operate as a Latin Restaurant. Turnkey, move in ready! Includes all restaurant furniture and equipment. Seats 50 inside and 30 outside. Restaurant currently offers a menu of Cuban, Latin American and Puerto Rican dishes. Great location on a busy street with neighboring bars and restaurants. This is a well established restaurant with a loyal customer base and great reviews.
Frequently Asked Questions:   Price: $75,000   Cash Flow: $94,896   Financing: No   Listing: Active
What is the current gross revenue for this restaurant? The current gross revenue being generated is an estimated at $403,397.
How much money does the restaurant profit? Profits are generated from the gross revenue, minus food purchases, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant? This business may qualify for a business or SBA loan. However, if financing is needed for startup cost you can review additional Financing Options Here.
What are my expenses and overhead for a restaurant business? Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. On average restaurant expenses usually include: payroll, payroll taxes, workers compensation, accounting, advertising, supplies, food, electric, property rental fees (usually includes water and garbage), permits and licenses, phone, and liability insurance.
Is the restaurant property owned or leased? Currently the owner leases the property. Lease terms have 9 years remaining. New owner must be approved to take over. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located? Located in Jackson Heights, New York. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale? Current list of equipment includes: walk-in cooler, shelving units, prep tables, hood, new ac unit, tables chairs for up to 80 guest, small-wares, fryers, stove and much more.
What size and how many customers can this restaurant seat? Restaurant is 1400 sq. ft. and seats 50 inside and 30 outside.
Does this restaurant currently have a beer or liquor license? No, there is no beer or liquor license included with this sale.
Does the restaurant offer drive-thru or delivery service? No, this restaurant does not offer a drive-thru but it does currently offer a delivery service.
How long has the seller owned the restaurant? Seller has owned this business for 5 years.
Why is the owner selling? Owner is relocating.
What are the hours of operation? This business operates from 3pm - 12am Tuesday - Friday and 11am - 12am Saturday - Sunday. New owner may set their own hours.
What type of neighboring business are in the area? Neighboring businesses include restaurants, grocery store, retail stores.
What do you recommend when purchasing a business? When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know? Restaurant has been built-out to accommodate and operate as a Latin Restaurant. Located on a busy street. Priced to sell at $75,000 with all equipment and furniture included! For additional information and to evaluate this business more Contact Us Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer's duty and obligation to verify the accuracy of the Sellerís representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.