High Volume Cafe and Ice Cream Parlor-27241

Suffolk County, NY

Seller Financing Available
High Volume Cafe and Ice Cream Parlor-27241

Asking Price:$565,000

Cash Flow:$226,864

Gross Revenue:$886,829





*not included in asking price.

High Volume Cafe and Ice Cream Parlor-27241

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Business Description

High Volume Cafe and Ice Cream Parlor on the NorthFork of Suffolk County. This business has been established for nearly 20 yrs. They offer breakfast, lunch and dinner, as well as ice cream (even ice cream cakes). It has a quaint country feel in a welcoming dining room, which seats 70. There is also a private party room that seats 36 and covered outdoor seating for an additional 20. The space is approx. 2400 sq. ft. with a full, very clean, basement with tremendous storage space. There are 15 yrs. left on the current lease with standard 3% annual rent increases. They offer a full restaurant kitchen. They are open 7 days in the summer and 6 days in the winter. They have built a very strong name in the community with loyal customers that come year-round. THE OWNERS KEEP EXCELLENT, VERIFIABLE RECORDS! In the past 12 month the business grossed approx. $886,829.92 (UP 11.4% FROM 2014) with a net income of approx. $226,864.09. THIS IS ALL DONE WITHOUT SELLING ANY BEER OR WINE! That is a great upside for any new owner. The current owners spend no time in the kitchen. They have loyal staff with some in the kitchen working with them for over 15 yrs. We are seeking serious and qualified buyers with at least $345K in liquid funds (to cover the downpayment) and some restaurant management background. The owners are willing to hold a note for the balance of the asking price. If you fit the criteria, please call 1-877-735-5224.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
345,000.00 Down & $220K over 4 yrs. @ 6%
Support & Training:
The seller will train the new owner.
Reason for Selling:
To spend more time with family.

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