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$110,000
Est. payment /mo
2,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business Only
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $55
MLS Listing ID 500857
Property Sub-Type Business Only
Property Description
This is a well-established Mexican restaurant with a positive cash flow, in the Midwood section of Brooklyn - Brooklyn College area. This is an area favorite for both eat-in and take-out. It has seating for 24 people and a steady customer base for deliveries. Last year's gross income was $480,000. The present monthly gross income is approximately $40K. The monthly rent is $4,750 and there are 6 years left on the lease. Monthly payroll and utilities are about $13k and that is for 7 full and part time workers. The restaurant space is 900 sq ft. Additionally, there is a basement for storage and a back yard for extra storage. The extra-large kitchen makes it easy to accommodate take-out orders when the restaurant is crowded. There is room to bring down expenses if owner operates the business.
Location
State NY
County Kings (brooklyn)
Area Midwood
Zoning c
Rooms
Basement Storage
Interior
Interior Features Kitchen
Heating Gas
Flooring Other
Equipment Everything that is currently being used to run the business
Heat Source Gas
Exterior
Utilities Available Electric, Gas, Heat, Sewer, Water
Roof Type Flat
Present Use Restaurant
Building
Foundation Slab Concrete
Others
Energy Description Gas
Financing Cash
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Listed by Empire State Realty Group
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716