
Tru Astoria @ 3519 Ditmars Boulevard
Prime Astoria corner bar/restaurant, 157 seats, 17-year lease, $55K+/week potential, strong upside.
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Investment highlights
$55K/week potential = ~$2.85M annual revenue
Attractive Entry Price Relative to Potential Revenue
At the asking price of $500,000, the acquisition cost represents a small fraction of the potential annual revenue (~$2.8M if operating at $55K/week), offering meaningful upside for an experienced operator.
Immediate Revenue Expansion Opportunities
- Brunch and daytime café service
- Expanded late-night hours
- Private events / parties
- Catering and delivery platforms
- Optimized beverage program
Significant Revenue Growth Potential
Most recent weekly sales average approximately $30K–$35K, primarily driven by limited operating hours (generally 5 PM – midnight). Expanding to full lunch, brunch, and late-night operations could materially increase revenue.
Proven Astoria Hospitality Corridor
Located on busy Ditmars Blvd in Astoria, a corridor where well-operated bars and restaurants regularly generate $50K–$70K+ in weekly sales depending on concept and operating hours.
Operational Leverage Opportunity
The existing build-out, seating capacity (87 indoor + ~70 outdoor), and large kitchen/back-of-house allow a new operator to scale revenue without significant additional capital investment.
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