Near The Forest Hills Train Station, Just A Half Block Away From The Regal UA Midway Movie Theater
Forest Hills, NY
Asking Price: $375,000
Gross Sales: $1,412,425
Net Operating Income: $169,143
Monthly Rent: $12,800
Lease Expiration: 04/2022
Options: One 5-Year Option
Year Established: 2007
Owner Operated: No
Seller Financing: No
Food Type: American, Beef/Burgers/Gyros/Hot Dog Joint, Grill, Ice Cream/Frozen Yogurt/Gelato, Sandwich Shop
Service Type: Full Service
Business Type: Franchise
Sale Type: Business For Sale

Description:

A popular family-friendly fast-food franchise in a retro 1950s setting featuring customizable burgers, salads, flavored drinks and milkshakes/malts. Along with fresh cut French fries and onion rings, freshly fried throughout the day and never frozen. As well as a variety of scrumptious sandwiches, hot dogs, chicken and more. Plus, tasty appetizers and quick bites. And desserts, from ice-cream floats to the perfect artistry of a banana split. Kids’ menu.

A fun casual full-service restaurant. Dine in, take-out, curbside pickup and delivery, plus fundraising. Take-out, curbside pickup and delivery grew to over $95,000 this June! Moving forward, an opportunity to continue to grow those service options in addition to dine-in.

Well established location for over 13 years. Turnkey- absentee owned with full time manager in place!

Feel free to stop by the location as a customer first. This is a highly confidential listing, please DO NOT talk to any of the employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

Business Website: https://cheeburger.com
County: Queens
Location:

Prime retail space on highly trafficked Queens Blvd, a major thoroughfare in the Queens borough of New York City, connecting Midtown Manhattan via the Queensboro Bridge to Jamaica. It runs through some of Queens' busiest areas and is also part of New York State Route 25.

This Cheeburger is perfectly situated near the Forest Hills train station, just a half block away from the Regal UA Midway movie theater. Plus, a new children’s play center is opening next door. And it’s surrounded by the vast residential area of the Forest Hills neighborhood with over 300,000 residents within a 4-mile radius!

Real Estate: Leased
Facilities:

Leased space $12,800/mth gross. Current lease expires in Apr 2022 with one 5-year option. Square Feet: 2,300. Seating: 86. Days/Hrs of Operation: Su-Th 11a-10p & Fr-Sa 11a-12m.

Number of Employees: 8 Full-Time & 8 Part-Time
Support/Training: Two weeks on-site comprehensive training.
Value of FF&E: Included In Asking Price
Value of Inventory: $10,000 (Not Included In Asking Price)
Competition:

A great American diner. A young and fun franchise that is also is an award-winning, leading brand in the industry. Offers the magic combination of quality, freshness and fun. “Where big is better” along with real authentic flavor. Boasts a great menu with great prices. Is consistently good, time-after-time-after-time. Only uses the highest quality ingredients and raw products. Their beef is fresh, never frozen and all-natural. There’s nothing added. Nothing artificial. No added hormones. Their fries and rings are fresh cut right there in the restaurant every day. And their hundreds of flavors of shakes and malts are made the old-fashioned way, with Edy’s or Dreyer’s Grand Ice Cream.

Plus, there is their unmistakable tradition of fun. You’ll see it in their posters, signs, colors, lighting and creative menu items. Also known for their friendly, attentive service.

Growth and Expansion:

The first Cheeburger Cheeburger, named for a Saturday Night Live sketch, opened on Sanibel Island, Florida in 1986. Began franchising its 50's-style diners 5 years later in 1991. Currently operating 20 locations on the east coast and one internationally.

Everybody loves Cheeburger Cheeburger. Incredible menu. Great burger and fries spot. The “go to” burger place. Classic local neighborhood joint. A true gem on Queens Blvd. Best burger place in Forest Hills. A favorite burger place in NYC. The kind of place you have been looking to buy!

Seller Financing Available: No
Reason For Selling: Too far from new home.