Seller Financing Available

Asking Price:

$799,000

Gross Income:

$1,832,000

Cash Flow:

$422,500

FF&E:

$200,000.00 *

Inventory:

N/A

Real Estate:

N/A

Year Established:

1996

Employees:

2/2

Business Types:

Restaurants
Other Eating & Drinking Places

* included in the asking price

Business Description

This outstanding, upscale restaurant is located in a beautiful village type area. This 6000 square foot restaurant is very organized and super clean. It seats 140 inside in the multi level dining area plus outside seating with a great view of the water and seasonal live entertainment. This restaurant offers a traditional menu as well as an organic and gluten free menu and has been rated as a top notch restaurant. They do catering 85% on premises and 15% off premises with a great opportunity to expand their off premises catering with more marketing and advertising. Their sales are two million with a strong and impressive cash flow. All interested buyers MUST SEND BROKER PROOF OF FUNDS. Rent is only $8k per month. The seller will transfer 7 year lease with no increase plus a 5 year option 12 years. One partner can stay on for a smooth transition and training for salary. This great place has full security camera equipment as well as a full point of sale system. Inside you will find several dining areas some with fire places, full prep basement, large kitchen, upstairs prep area, outside bar, inside bar, full liquor room, office, stock room and too much to list! Contact broker Jim Aloi for details. Both partners presently cook a half a week each only. *NOTE: all stated sales are reported - come examine their tax returns.

Detailed Information

Financing:

500,000.00 down & $299k for 5 years @ 6 percent interest

Support/Training:

Seller will train

Reason Selling:

Retiring

Broker Information

Nathan F. Goldstein

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