Commercial For Sale - Business
$60,000

Size

Interior
1,500 Sq Ft
Exterior
1,150 Sq Ft

Financial

Price
$60,000

Listing Details

Sale or Lease
Sale
Area
North Shore

Description

677 Bay Street, Staten Island, NY 10304

677 Bay st this Chinese food restaurant business is for sale. This 1,500 sqft space with a large basement and small backyard is positioned on the very busy and high traffic strip of Bay st located between the Clifton and Stapleton neighborhoods. The business generates between 20,000 and 35,000 a month depending on the season, so between (240,000 and 420,000) yearly. The business expenses are 10,000 a month currently only because the (2) operators pay themselves 3,000 a month each (6,000) the remaining monthly expenses are 3,200 in base rent, 180 in garbage removal, 320 in business insurance, 300 in water usage. The business has 2yrs of a 5yr lease left with (2) increases, and a 5yr option. All mechanicals "Kitchen equipment" are being left, walk in freezer boxes, hood ranges, grill tops "remaining food if wanted" the system is fully inspected until 2036 with recent maintenance done to keep them in good working condition. Business can be kept as a Chinese restaurant or repositioned to fit any restaurant, food establishment or retail commercial space if desired, landlord is open to renegotiate terms and conditions. Call listing agent for more details and showings.

Features

  • Brick
  • Frame
677 Bay Street, Staten Island, NY 10304

Listing Office: Homes R Us Realty of NY, Inc.