Long Established Restaurant - 25598

Nassau County, NY (Nassau County)

Seller Financing Available
Long Established Restaurant  - 25598

Asking Price:$595,000

Cash Flow:$257,000

Gross Revenue:$1,500,000





*not included in asking price.

Long Established Restaurant - 25598

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Business Description

Nassau County Zagat rated business is in a great location and is well established and has been owned for over 30 years by seller. The restaurant has a bar and a separate banquet room of over 12000 square feet plus 6000 sq ft basement with walk ins, an office, boiler storage room and stock rooms. Upper level banquet room with bridal suite and beautiful mahogany bar can cater parties up to 250 people! It also includes private parking lot for 200 cars. This business also installed a convenient guest elevator at a cost of $125,000. This listing includes 5 Restrooms, large prep areas and a tremendous kitchen. It comes with a 12 year lease with a possible five or ten year option. Its a true solid investment numbers posted are from its worst year - this restaurant has done as high as 3.4 million. Seller will stay on a few days per week if needed. They offer an American and German menu plus a bar with a lunch and dinner menu in and multiple seating areas for dining. Low food cost with 1/3 liquor sales at 17% cost very profitable. Includes full laundry room. This is one of my top listing's this year! See photos at www.vestedbb.com, contact business broker JIM ALOI for more details proof of funds a must sincere replies only! Suitable for night club catering hall or keep as is a successful restaurant must see!! Seats 500.

Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
395,000.00 Down & $395,000 & TBD
Support & Training:
Seller willing to train
Reason for Selling:

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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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