Turnkey opportunity to purchase a well-established, income-producing Ecuadorian restaurant located in the heart of East Elmhurst. Situated on a busy block surrounded by residential housing, this restaurant offers strong local foot traffic and a loyal customer base.
The sale includes a fully equipped kitchen, Full basement with steps to street, dining area, and a full liquor license, as well as beer and wine licenses. The space is in excellent condition and ready for continued operation. This is an ideal investment for an experienced operator or first-time business owner looking to enter the food and beverage industry in Queens.
Do not miss the chance to own a profitable restaurant in a vibrant and growing neighborhood. Confidentiality agreement required for financials and further details.
Basement:
Full, Storage Space, Walk-Out Access
Appliances:
Freezer, Gas Cooktop, Gas Range, Microwave, Refrigerator
9109 31st Avenue, E. Elmhurst, (East Elmhurst), NY, 11369
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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