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Asking Price$399,000
Revenue$1,456,000 EstablishedUndisclosed
Cash Flow$232,960 Employees17 full, 10 part
FF&E$250,000 FranchiseNo
Inventory$10,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Stand Alone Rest w/ Prop. Option *PRICE REDUCED* This 6,000 sq. ft. stand-alone restaurant is for sale with a real estate option. *PRICE REDUCED* 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 $250K downpayment and $30K rent security. To learn more, please call Mel Vaz today at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

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Seller Financing:250,000.00 Down & $189K over 8 yrs. @ 6% (Negotiable). There is also an option on the property for a
Sale Reason:Cashing out
Ad #107476
Seller Reference #31728
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