Restaurant Business for Sale – Owner Retiring
Prime Location: 180-18 Hillside Avenue, Jamaica, Queens
Exceptional opportunity to acquire a well-established restaurant with over 33 years in continuous operation, specializing in West Indian/Caribbean cuisine with a strong focus on roti and an Indian food concept. The business is being sold by the building's owner, who is preparing for retirement.
Key Highlights
- Asking Price: $300,000 Key Money (negotiable)
- Rent: $7,000/month for both floors (1st floor & full basement Bar Lounge)
- $300/month for water
- Tenant Pays: Heat, electricity, A/C, and cooking gas
- Ground Floor: 1,800 SF with seating for 40+ patrons
- Lower Level: 1,800 SF bar/lounge with seating for 50+ patrons
- Net Income: Approximately $20,000/month, even without operating the lower-level bar/lounge
- Active Liquor License and New York Lottery approval
- Full bar, pool table, fully equipped commercial kitchen, and walk-in cooler
- Lower level features two bathrooms, two means of egress, and a sprinkler system
- Prime location on busy Hillside Avenue with outstanding pedestrian and vehicle traffic
- Conveniently located near the 179 Street subway station
Turnkey, income-producing business with tremendous upside by fully utilizing the 1,800 SF lower-level bar/lounge. An outstanding opportunity for an owner-operator or investor in one of Jamaica, Queens' busiest commercial corridors.