New York City’s Favorite Asian Dumplings - Has A Cult Following
Flushing, NY
Asking Price: $295,000
Gross Sales: $848,136
Net Operating Income: $193,000
Monthly Rent: $17,943
Lease Expiration: 12/2021
Options: One 2-Year Option
Year Established: 2014
Owner Operated: Yes
Seller Financing: No
Food Type: Beer & Wine, Chinese
Service Type: Full Service
Business Type: Independent
Sale Type: Business For Sale

Description:

Eatery specializing in delicious dumplings (more than 100 kinds), plus noodles and other amazing Chinese dishes. Offering signature, seafood, pork, vegetable, beef, lamb, pan-fried, steamed and dessert dumplings/dishes and more.

Dine-in, takeout and delivery, plus catering.

Striking, modern interior with splashing bold Chinese red across walls with a basket-weave relief and deep semi- private booths, each with its own TV screen showing highlights of the 100 dumplings on the menu.

Liquor license included, valued of $20,000-$30,000 and very hard to establish in NYC!

Well established location for over 6 years!

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://dumplinggalaxy.com
County: Queens
Location:

Prime retail space in Arcadia Mall, a 12-story mixed use commercial, community and residential building containing 48,000 sqft of retail space, 24 community facilities and 79 luxury residential units over 280 parking spaces. The building is located in one of Queens most energetic neighborhoods at the busy intersection of Main Street and Franklin Avenue.

Other popular eating & drinking establishments in the mall include Pho Best, Niu Pot, Teaus Sushi Burrito, Maple Garden, East Buffet, Red Mango and Dunkin Donuts. There’s also AT&T, Bank of China, I Talk BB, Hair Mode, Sunrise Kitchen & Hardware, Tous Le Jours and more.

Arcadia is an Asian inspired mall perfectly situated in downtown Flushing just a 5-minute walk from the Flushing Meadows Park, a 1,255-acre park that is the site of 2 World’s Fairs. It’s also minutes away from Citi Field, home of the New York Mets and the Billie Jean King National Tennis Center, home of the US Open. Plus, it’s only 2 blocks from the Queens Botanical Garden and 3 blocks from the Flushing Library and Post Office.

Flushing is a neighborhood in the north-central portion of the New York City borough of Queens. The neighborhood is the 4th-largest central business district in New York City. Downtown Flushing is a major commercial and retail area. And is also a mecca for Oriental food!

Real Estate: Leased
Facilities:

Leased space $17,943/mth gross. Current lease expires in Dec 2021 with one 2-year option. Square Feet: 2,300. Seating: 64. Days/Hrs of Operation: Daily 10a-10p. Owners Role: Chef & Owner.

Support/Training: Owner will train and share all recipes.
Value of FF&E: Included In Asking Price
Competition:

Delicious contemporary Northern China cuisine with an extensive selection of flavorful handmade dumplings. Miniature worlds of flavor. Filling combinations found nowhere else. Best Dumplings in Queens. A highly regarded restaurant by the NY times and NY magazine. Has received all kinds of prestigious awards such as named to the Eater 38 Best Restaurants In America list.

Growth and Expansion:

A real gem. A must eat place. New York City’s favorite Asian Dumplings. Has a cult following in the Flushing community and beyond. Diners come from as far as Florida and California. Highly rated and recommended, a great reputation to build upon.

Seller Financing Available: No
Reason For Selling: Other business opportunities.