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Asking Price$450,000
Revenue$1,290,323 EstablishedUndisclosed
Cash Flow$190,140 Employees10 full, 17 part
FF&E$500,000 FranchiseNo
Inventory$10,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This 6,000 sq. ft. stand-alone restaurant is for sale with real estate option. 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 franchise. You can keep the current concept if you act fast. If not, the owner is going to cancel the franchise agreement and put in a different concept. With the current concept, the business grossed approx. $1,400,000.00 with a cash flow of approx. $188,822.00. Without the franchise fees of 5% and marketing fees of 3%, you could realize even higher profits. There are 20 years left on the current lease, at a rent of $14K/month ($10K base rent, $4k/month taxes and triple-net), and only 2.5% annual increases. There is also an option on 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 $303K in liquid funds to cover the downpayment and rent security. To learn more, please call Mel Vaz today 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.
Training/Support:Seller will train buyer.
Seller Financing:275,000.00 Down & $175K over 7 yrs. @ 6%.
Sale Reason:Other investments.
Ad #101455
Seller Reference #30830
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