Restaurant and seperate catering facility sales of 1.9 Mil--Nets 300K+

Suffolk County, NY

Seller Financing Available
Restaurant and seperate catering facility sales of 1.9 Mil--Nets 300K+

Asking Price:$700,000

Cash Flow:$300,000

Gross Revenue:$1,900,000

EBITDA:N/A

FF&E:$200,000

Inventory:$25,000*

Established:2000

*not included in asking price.

Restaurant and seperate catering facility sales of 1.9 Mil--Nets 300K+

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Business Description

This great business located on a main street in a nice town in Suffolk County is actually two businesses in one. First is a 2800 Sq Ft Restaurant with sales of $900.000 per year and the second is a 3000 Sq Ft Catering facility with sales of about $1 Million per year. The Restaurant is opened for lunch and dinner and also does a brunch on the weekends. The catering place is capable of having two smaller parties at one time or can open up to have one larger party. They do showers, birthday parties, weddings, anniversaries, retirement and holiday parties. Each location has full kitchens and also bars. They have many parties booked through August of 2016. The rents for both places is very reasonable which allows for a large net. For more information and to see this great business contact John K. of All County Business Brokers at 516-935-6411.

Detailed Information

Inventory:
Not included in asking price
Employees:
19
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2800 Sq Ft Restaurant with seating for 50 people 3000 Sq Ft catering hall with seating for 100 with 2 separate rooms that can be combined into one large room. Each facility has their own full kitchen and bar.. Each location has 7 years remaining on their leases.
Growth & Expansion:
Catering facility has many parties booked through August 2016.
Financing:
Owner will hold notes with one half down for the right buyer.
Support & Training:
Owner will train and support new owner to make a smooth transition.
Reason for Selling:
Involed with other business.

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John Kuchcicki

Business Listed By:
John Kuchcicki

All County Business Brokers Inc.

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