Historic East End Bistro with Apartment Suffolk County, NY 32414

Suffolk County, NY

Historic East End Bistro with Apartment Suffolk County, NY 32414
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Asking Price: $449,000

Cash Flow: $185,000

Gross Revenue: $700,000

EBITDA: N/A

FF&E: $100,000

Inventory: $7,000*

Established: N/A

*not included in asking price.

Historic East End Bistro with Apartment Suffolk County, NY 32414

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Business Description

Profitable Well Known Restaurant Business with MORE

Historic East End Bistro w/ 2 Bdrm Apt. Full bar and full liquor license. The likes of Albert Einstein used to dine here back in the day. Today it is a favorite of locals and Summer visitors. Don't let the "Historic" fool you. The owner/operator has painstakingly restored the dining room to its original luster. The kitchen is fully modernized with an exterior (covered and enclosed) walk-in refrigerator and dry storage area. With inside seating for 63, an additional 7 at the bar, and 20 outside, it is perfect for a casual family dining experience. They are open for lunch and dinner ONLY 6 DAYS PER WEEK. In the past year the business grossed approx. $700,000.00 with a Net Income of approx. $185,000.00. The location has 10 years left on the current lease at a rent of $5,303/mth. THAT RENT INCLUDES A 2 BEDROOM APARTMENT that can be used for the new owner, the staff, or sub-leased for rental income. We are looking for a serious and financially qualified buyer with restaurant experience. We are seeking a serious and financially qualified buyer with at least $449K in liquid funds. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

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.

Detailed Information

Location:
Suffolk County, NY
Inventory:
Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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