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Forest Hills Restaurant/Bar – Rent Only $3,650
Listing Number: 13529

Location: Forest Hills, NY
Asking: $169,000
Gross: $650,000
Cash Flow: $80,000

Summary Description:

  Don’t miss this opportunity to own and operate this warm and inviting restaurant/bar. For way less than what it would cost to build, you can acquire this established, restaurant in one of Queen’s best, affluent communities with below market rent. They have a very favorable lease with reasonable escalations and the rent is only $3,650 per month which is unheard of in Forest Hills. This place is a “go to” neighborhood eatery with an incredible social atmosphere, excellent Yelp reviews, is loved in the community, has plenty of repeat, loyal clients, with delicious food and drinks. There is plenty of upside growth potential as the current owner is not a food service operator which is why is its priced to sell! This state of the art restaurant has a beautiful built-out with plenty of seating, bar, and prep & storage areas. It would cost over $500,000 to build a restaurant of this kind today in locations that are not nearly as desirable. This turn-key opportunity is priced to sell quickly at only $169,000. Please refer to listing number 13529 when inquiring about this opportunity.

Contact Information:

Contact: Elaine Iucci, Buyer Coordinator
Phone: 516-626-2211
Email: buyerdept@kensingtoncompany.com

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The Kensington Company. - 185 Roslyn Road, Roslyn Heights, NY 11577

Phone:(516) 626-2211 - Fax: (516) 626-2381

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