Bar & Lounge for Sale in Flushing, Queens, NY, 4,500 SF

Located in downtown Flushing on Northern Boulevard, right next to Union Street, "Chuan Yue Bar" offers an exhilarating, sensory-rich experience that blends cutting-edge sound, music, and vocals. It is the premier destination for young people to gather, sing, dance, socialize, date, and party the night away with high energy and passion.

This venue is designed specifically for a young trend-conscious crowd.

The bar generates an annual gross revenue of approximately $1.4 million, with a net operating income of around $600,000. Situated in a prime, high-traffic location with booming business and immense popularity, this establishment is priced at just $400,000—an exceptional opportunity for either owner-operation or a highly profitable investment.

SELLING TERMS

STORE PREMISES: 138-12 Northern Blvd. Store, Flushing, NY. 11354

BUSINESS TYPE: Bar (with soft & hot liquor licenses) LEASE YEARS: 9 years.

RENTAL AREA: 1St floor: 4,500. Sf.

RENT: $19,134. /M

ESCALATION: 3 % annual

SECURITY DEPOSIT: 3 months.

CONCESSION: None, immediately occupy.

CONDITION: Deliver in “AS IS” condition and operating business on possession.

STORE HOURS: 7 days, 08:30 pm---04:00 am.

OCCUPANCY: Immediately occupied once business has been transferred.

Soft & Hot Liquor License: Transferable upon creditor’s own background & experiences.

ASKING PRICE: $400,000. Cash deal only.

REMARKS: 1) Above indicated rental areas, size is deemed reliable but there is no warranty.

1. P&L- Profit & Lose as attached.

2. Buyer’s Application, financial statement, experiences, business background, Photo ID driver license, credit score & POF are required