Trendy Urban Restaurant & Bar for Sale

This is a trendy, hip, urban American restaurant and bar located in Astoria, NY. It is a turnkey operation that has carved out its own niche and built a loyal clientele. The business is currently operating successfully but offers substantial room for growth, including the potential to introduce breakfast and lunch services. It is also described as marketable and suitable for franchising. The establishment features sit-down table service and has seating for 51-150 patrons, with an additional patio. It operates with 11-50 employees. The real estate is leased with 6 years remaining on the term and a monthly rent of $6,800. The asking price is $699,000, with gross revenue exceeding $1,000,000 and SDE of $100,000. Furniture, Fixtures, and Equipment (FF&E) and inventory are included in the price. The seller is motivated and offers vendor financing with 50% down. The reason for selling is that the owner has too many business projects.