1351 Forest Avenue #5
$99,000 Turnkey | $250k Brand-New Kitchen | High-Traffic- Stop & Shop
Marketing description
The foot traffic to Stop and Shop and past this location is in the millions each year. The owner has relationships with Uber Eats, Door Dash, GrubHub Etc, doesn't market, can't handle the traffic, great reviews, if she hired more help, you have this place where she will train you, stay behind, or you have a new idea, a turnkey brand new setup that cost over 250k, your good to go with a price to sell fast due to the owners personal circumstances. All business inventory will transfer with the sale of the business. Landlord approval needed. Priced to sell fast!
Investment highlights
Turnkey Fast-Casual Asian Fusion Restaurant - Prime Stop & Shop Plaza Location
Established in 2024, Knock Knock Kitchen is a fully operational Asian fusion restaurant strategically located within Staten Island's high-traffic Stop & Shop plaza. This turnkey opportunity features a popular menu including Korean corn dogs, fresh mochi donuts, ramen, rice bowls, burgers, and bubble tea, with solid online reviews already established.
Financial Performance:
- Annual Revenue: $480,000
- Seller's Discretionary Earnings: $90,000-120,000k
- Strong revenue base with significant growth potential through improved staffing and operations
Prime Location & Traffic:
- Interior location within a busy Stop & Shop plaza with dedicated parking and a separate entrance for deliveries. (You must walk into the Stop in Shop doors to get into the restaurant. Deliveries are outside in a separate entrance in front.)
- Consistent daily foot traffic from thousands of grocery shoppers weekly
- Minimal competition for Asian fusion cuisine in the immediate area- one or two on the island.
- High-visibility location with millions of annual passersby
Lease Details:
- Triple-net lease at $7,524 monthly (includes taxes, trash, water, etc),
- Approximately 7 years remaining on current lease (expires April 2033)
- 1,500 square feet of restaurant space
- Cooperative landlord regarding assignment approval
Equipment & Assets Included:
- $250,000 plus- investment in brand-new kitchen equipment and setup
- Professional-grade fryers, dedicated mochi donut fryer, ramen station
- Complete refrigeration and freezer systems
- Ansul fire suppression system and commercial hood
- Point-of-sale ordering system, security cameras
- New bathroom facilities, dining furniture
- All inventory, fixtures, and lease rights transfer with the sale
Growth Opportunities:
- Current operations are limited by staffing constraints and the owners' personal issues.
- Established delivery partnerships with DoorDash and Uber Eats
- Untapped marketing potential (minimal current marketing efforts, if any)
- Flexible kitchen setup accommodates various food concepts
- High-traffic location supports expanded operating hours and menu offerings
Owner Support:
- Comprehensive training and transition support available
- Seller committed to ensuring a smooth business transfer
- Established supplier relationships and operational systems in place
This represents an exceptional value proposition at $99,000, considering the equipment investment alone significantly exceeds the asking price. The motivated seller's family circumstances create a rare opportunity for an experienced restaurateur or entrepreneur to acquire a well-positioned business with substantial upside potential.
Ideal for buyers seeking immediate cash flow, proven revenue streams, and significant expansion opportunities in a prime retail location.
Contact Mark Lanfranchi, NYS Associate Real Estate Broker with Coldwell Banker Advantage for more at 917-613=3923. All offers and showings through the listing broker. Please do not speak to anyone but me. If you come to see the place, please do not talk in front of customers. Subject to E&O. Don't let this one pass you by. Priced to sell fast. Come and see for yourself—financials on demand when a tour is set up. Any questions you may have can be discussed and answered.
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