TURN-KEY FAST-CASUAL RESTAURANT - BUSINESS-ONLY SALE
Formerly Taco Taxi | 89 E Central Ave, Pearl River, NY 10965
ASKING PRICE
$150,000 includes all FF&E and assignment of the existing lease
PREMISES & LEASE
1,084 SF vented kitchen plus 22 interior seats
Approximately 3 years remain on the current 5-year term; two 5-year renewal options in place
Below-market base rent (details under NDA)
Tenant pays utilities only; landlord covers roof, structure, and taxes (occupancy about 7 percent of sales)
FINANCIAL HIGHLIGHTS*
Three-year average gross sales: mid-$400Ks
Normalized Seller’s Discretionary Earnings (SDE): $80–90K
Pricing multiple: about 1.7–1.9x SDE (Rockland QSRs trade 2.0–2.5x)
Less than 24-month cash-on-cash payback on current cash flow
*2022-2024 corporate tax returns on file (Carrasco Food Corp) NDA required
INCLUDED FF&E (2021-22 vintage; replacement value about $280K)
8' CaptiveAire hood with Ansul system
6-burner range, 36" flattop, double-basket fryer
2-door prep fridge, 3-door reach-in, walk-in cooler and freezer
POS and CCTV package, 4-ton rooftop HVAC, ADA restroom, stainless sinks
GROWTH OPPORTUNITIES
Add breakfast or weekend brunch service
Obtain beer and wine license (margarita program)
Launch native online ordering and office catering trays
Reactivate take-out window for NJ Transit commuters (half block away)
Ghost-kitchen sub-brand for northern Bergen County
DUE DILIGENCE PACKAGE (available with NDA)
2022-2024 tax returns
Full equipment list and serial numbers
Executed lease and options rider
DOH inspection history, 2022-2025 (no critical violations)
SHOWINGS & CONTACT
Confidential tours by appointment only. Proof of funds of at least $100,000 required before release of financials.