Suffolk County, NY Restaurant & Bar For Sale-28340

Suffolk County, NY

Seller Financing Available
Suffolk County, NY Restaurant & Bar For Sale-28340
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Asking Price: $250,000

Cash Flow: $250,000

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: $150,000

Inventory: $110,000*

Established: N/A

*not included in asking price.

Suffolk County, NY Restaurant & Bar For Sale-28340

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Business Description

Long Established East end High End Restaurant with very high end expensive wine list wines range for $40 to $1000 per bottle. Half of the sales are wine and liquor very profitable! Please Note: The present owner does a lot of the cooking and bartender himself. A new buyer may see less net income if they add staff. Present owner nets over $250k. Owner wants wants to retire. He currently travels 4 hours per day to get to and from the restaurant. 7 year lease in place with possible option. The landlord requires 2 year personal guarantee on lease. In addition to the $150,000 down, a buyer will need about $100k to stock the same amount of wine as the current owner. This rustic 60 year old restaurant is known for its burgers,dumplings, fish, steaks and wines. Niche money maker. Full basement included. Seller will train for 30 days or longer for a salary. Restaurant and bar seats about 90. ANY BUYER NEEDS AT LEAST $300k in liquid cash. This is a year-round business (In January & February seller only opens 5 days per week). Please call 1-877-735-5224 for further information and to speak to the broker.

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.

Detailed Information

Location:
Suffolk County, NY
Inventory:
Not included in asking price
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
150,000.00 Down & $100,000 for 5 years @ 6%.
Support & Training:
The seller will train the new owner.
Reason for Selling:
Other Interest
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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