Management Issues Force Sale of Nassau County Restaurant

Nassau County, NY

Management Issues Force Sale of Nassau County Restaurant

Asking Price:$299,000

Cash Flow:$150,000

Gross Revenue:$1,300,000





Management Issues Force Sale of Nassau County Restaurant

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Business Description

With total rent at only $12 per square foot and a very rare long term 20 + year lease, you have the opportunity to acquire one of Long Island’s best known, established locations. This casual eatery is known for their generous portions of pasta, grilled fare, fresh fish and sizeable menu serving favorites from Margherita pizza to grilled certified Angus steak, PLUS a busy bar business. The location is large enough to accommodate private parties even while the restaurant is open. The large bar area and casual atmosphere make it ideal for drinks, a casual meal as well as fine dining; this restaurant is a true Nassau County destination. This business opportunity has it all, a long-term lease with low rent, LOW overhead, $20,000+ average weekly sales AND nearly $200,000 of recent renovations; a golden turnkey opportunity. Please refer to listing number 12772 when inquiring about this opportunity.

Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price

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Ken Stein

Business Listed By:
Ken Stein

The Kensington Company

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