89-91 E Central Ave
Pearl River, NY 10965
Retail Property For Sale

TURN-KEY FAST-CASUAL RESTAURANT - BUSINESS-ONLY SALE Formerly Taco Taxi | 89 E Central Ave, Pearl River, NY 10965 ASKING PRICE $150,000 includes all FF&E and assignment of the existing lease PREMISES & LEASE 1,084 SF vented kitchen plus 22 interior seats Approximately 3 years remain on the current 5-year term; two 5-year renewal options in place Below-market base rent (details under NDA) Tenant pays utilities only; landlord covers roof, structure, and taxes (occupancy about 7 percent of sales) FINANCIAL HIGHLIGHTS* Three-year average gross sales: mid-$400Ks Normalized Seller’s Discretionary Earnings (SDE): $80–90K Pricing multiple: about 1.7–1.9x SDE (Rockland QSRs trade 2.0–2.5x) Less than 24-month cash-on-cash payback on current cash flow *2022-2024 corporate tax returns on file (Carrasco Food Corp) NDA required INCLUDED FF&E (2021-22 vintage; replacement value about $280K) 8' CaptiveAire hood with Ansul system 6-burner range, 36" flattop, double-basket fryer 2-door prep fridge, 3-door reach-in, walk-in cooler and freezer POS and CCTV package, 4-ton rooftop HVAC, ADA restroom, stainless sinks GROWTH OPPORTUNITIES Add breakfast or weekend brunch service Obtain beer and wine license (margarita program) Launch native online ordering and office catering trays Reactivate take-out window for NJ Transit commuters (half block away) Ghost-kitchen sub-brand for northern Bergen County DUE DILIGENCE PACKAGE (available with NDA) 2022-2024 tax returns Full equipment list and serial numbers Executed lease and options rider DOH inspection history, 2022-2025 (no critical violations) SHOWINGS & CONTACT Confidential tours by appointment only. Proof of funds of at least $100,000 required before release of financials.