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Asking Price$450,000
Revenue$1,105,991 EstablishedUndisclosed
Cash Flow$180,505 EmployeesUndisclosed
FF&EUndisclosed* FranchiseNo
InventoryUndisclosed* RelocatableNo
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
Landmark Restaurant and Property. The current owners have been here for the past 23 yrs. This is an A Plus location on the South Shore of Suffolk County. Celebrities reside in this area and frequent this establishment. This is a 2 story building, zoned commercially (2,800 sq. ft. ground floor restaurant and approx. 1,000 sq. ft. upstairs with 1 bedroom and 1 bath. There is also a separate structure that can be used as retail space or an apartment rental, taxes 16K). There is a currently operating restaurant on the ground floor with a fully equipped and immaculate kitchen. They currently offer fine dining European-American cuisine. Their culinary delights have been featured at The Great Chef's of Long Island Annual Benefits as well as being featured in House Beautiful, Victoria, Self, and Country Home magazines. There is seating for 100. There is also a full liquor license and operating bar. In the past year the business grossed approx. $1,200,000.00 with a net cinomce of approx. $180,505.00. The owners are selling the property for $650K. This is an ideal opportunity for a restaurateur looking to own their own space. We are looking for a qualified buyer with at least $299K down for the business purchase. If you are not ready to buy the property today, the owners will offer a lease with an option to buy the property. Be prepared to provide Proof of Funds and a culinary resume! Call or email Mel Vaz today to learn more at 1-877-735-5224 or mvaz@vestedbb.com.
Training/Support:seller will train
Seller Financing:$299,000.00 Down and Negotiable ( Property available for additional $650K)
Sale Reason:Retirement
Ad #47988
Seller Reference #23634
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Melvin L. Vaz
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