Family Restaurant

Muttontown, NY (Nassau County)

Seller Financing Available
Family Restaurant

Asking Price:$499,000

Cash Flow:$196,000

Gross Revenue:$1,300,000

EBITDA:N/A

FF&E:$450,000

Inventory:$40,000*

Established:1960

*not included in asking price.

Family Restaurant

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Business Description

THIS RESTAURANG IS A SLIPING GIANT, THE RIGHT OPERATOR CAN MORE THAN DOUBLE THE BUSINESS.
LOCATED ON AN AFFLUENTIAL NEIGHBORHOOD ON MAJOR HIGHWAY
ASKING PRICE IS 695K$
DOWN PAYMENT $375 000.00
PERFECT FOR AN UPPER-END GOURMET TYPE OF BREAKFAST, LOUNCH AND DINER RESTAURANT , IHOP CONCEPT WITH A LITTLE BIT MORE DIVERSIFIED MANU WILL BE PERFECT FOR THIS LOCATION RESTAURANT OPENS 7AM AND CLOSES AT 9:30PM
IN BUSINESS FOR OVER 45 YEARS
LEASE 14 YEARS. MORE LEASE NO PROBLEM
RENT ABOUT $9K$ PER MONTH
DOES OVER 25K PER WEEK
THE RESTAURANT SHOULD BE DOING WELL OVER $50K PER WEEK
ABSENTEE OWNERSHIP
AMPLE PARKING, FAIR TAXES UNDER $45K PER YEAR
SEATS OVER 155 PEOPLE
ALL PERMITS IN PLACE
ELECTRIC AND GAS ABOUT $6K PER MONTH

For More Information please call peter From Planet 2000 Realty at 516-445-4134 or e-mail at peter-p2krealty@hotmail.com
Thanks peter

Detailed Information

Inventory:
Not included in asking price
Employees:
20+
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
There is no competition for several miles.
Growth & Expansion:
This business is located on a prime location on a major Highway with the oppertunity to double the business.
Financing:
350'000.00 About, Term, 6 Years @ 6%

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PETER KANGELARIS

Business Listed By:
PETER KANGELARIS

Planet 2000 Realty Group Inc.

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