“Your opportunity to own a thriving restaurant in one of East Rockaway’s most desirable commercial corridors. ” Turnkey. Profitable. Ready for its next owner. Highlights ***OPTION FOR LIQUOR LICENSE *** Location: Beautiful East Rockaway, New York Square Footage: 1, 600 sq. ft. Gross Income: Over $400, 000 annually Lease: 8-Year Commercial Lease with Renewal Options ?? High-Traffic Area — Situated in a bustling storefront strip mall surrounded by banking institutions, commercial buildings, and large residential developments. ?? Convenient Access — Just steps from the Long Island Rail Road (LIRR), drawing both local and commuter traffic. ????? Large Commercial Kitchen — Fully equipped and spacious, ideal for high-volume service. ?? Turnkey Opportunity — Includes all equipment, vendor contacts, receipts, and recipes—everything you need to step in and start operating immediately. ?? Training Included — Owner is willing to stay on-site and train the new owner to ensure a smooth transition. ?? Proven Profitability — Consistent income exceeding $400K+ gross annually with room to expand catering or delivery services. ??? Strong Community Presence — Surrounded by dense residential neighborhoods and loyal repeat clientele. Business Summary This Tex-Mexican Grill is a well-established neighborhood favorite offering authentic flavors, loyal customers, and a proven operational model. Located in a vibrant East Rockaway corridor, this turnkey restaurant provides the perfect mix of visibility, accessibility, and profitability. Whether you’re an experienced restaurateur or an entrepreneur looking for your first venture, this is a ready-to-run business with tremendous upside potential. Included in Sale ? All kitchen equipment and fixtures ? Vendor and supplier lists ? Existing customer database ? Full training by current owner ? Leasehold improvements
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Our Executive Mortgage Banker:
Our Insurance Division:
$129,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $103,200 | $103,200 | $103,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.333% | 6.419% | 5.668% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $610 | $635 | $836 |
| Total Monthly Payment | $685 | $710 | $911 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.