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Asking Price$595,000
Revenue$1,500,000 Established1969
Cash Flow$257,000 Employees9 full, 10 part
FF&E$300,000 FranchiseNo
Inventory$5,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Nassau County Zagat rated business is in a great location and is well established and has been owned for over 30 years by seller. The restaurant has a bar and a separate banquet room of over 12000 square feet plus 6000 sq ft basement with walk ins, an office, boiler storage room and stock rooms. Upper level banquet room with bridal suite and beautiful mahogany bar can cater parties up to 250 people! It also includes private parking lot for 200 cars. This business also installed a convenient guest elevator at a cost of $125,000. This listing includes 5 Restrooms, large prep areas and a tremendous kitchen. It comes with a 12 year lease with a possible five or ten year option. Its a true solid investment numbers posted are from its worst year - this restaurant has done as high as 3.4 million. Seller will stay on a few days per week if needed. They offer an American and German menu plus a bar with a lunch and dinner menu in and multiple seating areas for dining. Low food cost with 1/3 liquor sales at 17% cost very profitable. Includes full laundry room. This is one of my top listing's this year! See photos at www.vestedbb.com, contact business broker JIM ALOI for more details proof of funds a must sincere replies only! Suitable for night club catering hall or keep as is a successful restaurant must see!!Seats 500.
Training/Support:Seller willing to train
Seller Financing:395,000.00 Down & $395,000 & TBD
Sale Reason:Personal
Ad #64299
Seller Reference #25598
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Jim Aloi
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