Prime Contemporary American Restaurant and Lounge

Suffolk County, NY

MUST SEE WILL NOT LAST
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Asking Price: $1,075,000

Cash Flow: $350,000

Gross Revenue: $2,500,000

EBITDA: N/A

FF&E: $150,000

Inventory: N/A

Rent: $10,000 /Month

Established: 2013

Prime Contemporary American Restaurant and Lounge

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Business Description

Major Waterfront Dining Destination #1 Restaurant in Area

New to Market! Rare opportunity to take over a Turn-Key Prime 3,600 sf restaurant serving contemporary American cuisine. 100% updated and modern space with high end finishes and decor. Indoor/Outdoor seating in AAA location in downtown village. 115 seats inside, 40 outside on fully updated patio garden. Tremendous amounts of storage space and ample parking. Kitchen facilities, grease trap and other equipment modern and new. Additional adjacent space for party room or wine bar also available. Currently grosses over $2.5 m. with only Dinner sales. Can add lunch and brunch for additional income.Current mailing list over 20,000 clients. Huge following and well-known. Tremendous staff with 2 managers. Key employees willing to stay on. This is a MUST SEE and WILL NOT LAST. 20 year lease and favorable terms. Verifiable Financials. POF and NDA Required. Contact Darlene Ragone for Additional details. 888-869-6069, Ext. 103

Detailed Information

Location:
Suffolk County, NY
Real Estate:
Leased
Building SF:
3,800
Lease Expiration:
3/1/2039
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
add lunch and brunch. Gross sales only represent dinner hours
Financing:
possible seller financing for qualified buyers
Support & Training:
yes
Reason for Selling:
other business interest
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(from currently available funds)
 
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Darlene Ragone

Business Listed By:
Darlene Ragone

Moxie Brokerage Group, Inc.

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