2,420 Sq. Ft. Corner Restaurant - 20 YEAR LEASE - 29780

Suffolk County, NY

Seller Financing Available
2,420 Sq. Ft. Corner Restaurant - 20 YEAR LEASE  - 29780
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Asking Price: $375,000

Cash Flow: $228,672

Gross Revenue: $1,020,000

EBITDA: N/A

FF&E: $100,000

Inventory: $8,000*

Established: 1982

*not included in asking price.

2,420 Sq. Ft. Corner Restaurant - 20 YEAR LEASE - 29780

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Business Description

This 2,420 sq. ft. Corner Restaurant is now for sale in a Hot South Shore area. *MAJOR PRICE REDUCTION* In fact, this is currently the hottest area of growth on the South Shore of Suffolk County. This is the only restaurant of this size, with it's own 80-space parking lot in the area. All other places have metered lots or metered street parking. This place offers 90 seats in the dining room, with a full restaurant kitchen. In the past year, the business grossed approx. $1,100,000.00, with a net cash flow of approx. $228,672.75. This is a unique situation. The owner is the landlord, and he has many other projects going on. He is open to selling the business "as is", or, if an experienced restaurateur were to propose a viable new concept, he would be willing to take a lower price. Ideally, he is seeking a good tenant who would improve his building. At the very least, he will offer a 10-year lease, with a base rent of $6,500/month, plus taxes, CAM, etc. A 20 YEAR LEASE IS POSSIBLE. We are seeking a serious and financially-qualified buyer with at least $225K in liquid funds to cover the downpayment. To learn more, please call Mel Vaz at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers kg

Detailed Information

Inventory:
Not included in asking price
Employees:
28
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
225,000.00 Down & $150K over 4 yrs. @ 6%.
Support & Training:
Yes
Reason for Selling:
Divesting
Business Website:
http://www.vestedbb.com
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(from currently available funds)
 
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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