Queens Corner Bar Near Subway - Only $110k

Listing Number: 6842-826652

Description

Ideally located on the corner of a major street just one block from a busy subway station, this
bar was created to be a friendly, local watering hole in the up and coming neighborhood of Ridgewood, Queens. Aside from the nightly fun of being with friends, dedicated patrons enjoy comedy, trivia and game nights plus karaoke on weekends. Beer, wine, liquor, light food and the best specialty cocktails in the neighborhood are served by warm and welcoming bartenders.

The bar and interior are beautifully decorated, and it has an outdoor seating area within the property line of the building, so a sidewalk seating permit is not required from the city, even when the current exceptions expire. Attract new customers and increase revenue with an expanded food menu, which can be done by expanding adding a kitchen in the basement.

Hours of Operation: Sunday-Thursday 4pm-2am. Friday-Saturday 4pm-4am.

Lease: The bar is approximately 1,800 square feet plus basement space. It is corner location in a mixed-use building. Rent is $2,760/month plus real estate taxes. Five years remain on the lease plus there is a three-year option. Tenant pays electricity. Water is included.

Terms: Asking price is $110,000, including FF&E, leasehold improvements and inventory. Partial seller financing may be available to qualified buyers.

Listing Details

  • Price: $110,000
  • Down Payment: $75,000
  • Sellers Discretionary Earnings: $0
  • Total Sales: $0
  • Location: Queens County, New York

  • Inventory: $5,000
  • FF&E: $75,000
  • Employees: 10
  • Year Established: 2016
  • Reason for Selling: Focus on other business interests.
  • Category: Liquor Related Biz
Queens Corner Bar Near Subway - Only $110k

Business Listed By:

Bob Dunphy
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