89-91 E Central Ave
Pearl River, NY 10965

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.