6,000 SF Stand Alone Rest w/ Prop. Option - 31728

Suffolk County, NY

Seller Financing Available
6,000 SF Stand Alone Rest w/ Prop. Option  - 31728
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Asking Price: $439,000

Cash Flow: $232,960

Gross Revenue: $1,456,000

EBITDA: N/A

FF&E: $250,000

Inventory: $10,000*

Established: N/A

*not included in asking price.

6,000 SF Stand Alone Rest w/ Prop. Option - 31728

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Business Description

6,000 SF Stand Alone Rest w/ Prop. Option - 31728

This 6,000 sq. ft. stand-alone restaurant is for sale with a real estate option. That does not include the 2,000 basement with office. This is a fantastic deal. This is a golden opportunity, located just north of a major Suffolk County roadway. This space was completely renovated at a cost of over $1.2 million, just a few years ago. Everything is in mint condition, from HVAC and electrical, to the grease traps, refrigeration and POS. They have 48 beers on tap and an impressive tap room, just to accommodate the bar. The bar offers indoor seating and service, as well as a double-window to offer patio services, with seating for 40. There is a huge industrial kitchen with two hoods. The dining room can accommodate over 220 guests. There is also a separate area for private parties. The space must be seen to be appreciated. It is currently being operated as a casual dining restaurant. With the current concept, the business grossed approx. $1,456,000.00 (60% Credit Card Sales) with a cash flow of approx. $232,960.00. THERE ARE 20 YEARS LEFT ON THE CURRENT LEASE AT A RENT OF $14K/MTH ($10K base rent, $4k/month taxes and triple-net), AND ONLY 2.5% ANNUAL INCREASES . THERE IS ALSO AN OPTION TO PURCHASE THE PROPERTY FOR AN ADDITIONAL $1.6 MILLION. The restaurant has its own private parking lot with over 75 parking spaces. We are seeking a serious and financially-qualified buyer, with at least $280K in liquid funds to cover the downpayment and rent security. To learn more, please call Mel Vaz today. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

Detailed Information

Inventory:
Not included in asking price
Employees:
27
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
250,000.00 Down & $189K over 8 yrs. @ 6% (Negotiable). There is also an option on the
Support & Training:
yes
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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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