High Volume Landmark Family Restaurant

Merrick, NY (Nassau County)

Great Hamburger & Fries

Asking Price:$850,000

Cash Flow:$275,000

Gross Revenue:$1,400,000

EBITDA:N/A

FF&E:$300,000

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:1983

High Volume Landmark Family Restaurant

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Business Description

LONG ESTABLISHED

This Landmark Family Restaurant has been the place to go for over 31 years.
It is SO WELL KNOWN that they DO NOT HAVE TO ADVERTISE, plus they DO NOT EXCEPT CREDIT CARDS ** ALL CASH BUSINESS **
Located in a Popular Town in Western Nassau County.
The Restaurant 3000 s.f. with seating for approximately 120 p.p., two dining rooms and a full basement. Recently Renovated at a cost of $170,000.

The Rent is only $6,800 (includes tax & cam) goes up 3% year
The Seller requires an experienced restaurant operator with $400,000 down & proof of funds. NO AMATEURS PLEASE
$$$--MONEY MAKER--$$$

*** FOR MORE INFO, call John Stefan of JS Business Brokers at 631-473-2973 ***

*** FOR THE EXACT ADDRESS, please DOWNLOAD our Confidentiality Agreement
Copy the below link & Paste the web link to the address bar:
http://www.bizbuysell.com/shared/listings/110/1103877/30d6d920-d464-4307-8be9-50a7ec6cdadf.pdf

Attached Documents


Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
9 FT / 11 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant is approximately 3,000 s.f.with a full basement, 2- dining rooms, seats approximately 120 p.p
Competition:
The is no competition for this concept in the area
Growth & Expansion:
This business is SO ESTABLISHED that the sellers HAVE NOT advertised in many years
Support & Training:
Seller will assist an experience restaurateur
Reason for Selling:
Partners disagree

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John Stefan

Business Listed By:
John Stefan

JS Business Brokers

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