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Asking Price$499,990
Revenue$552,000 Established2006
Cash Flow$255,488 Employees2 full, 8 part
FF&E$100,000 FranchiseNo
Inventory$5,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Very upscale, High End Restaurant located toward the East End Of Long Island. Seller is a chef who presently works this great restaurant hands on and works only 40 hrs per week. Restaurant is open from 5pm to 10 pm 6 days a week. New buyer can change menu, add a bar crowd at night, add entertainment, open 7 days, open for lunch, the sky is the limit. This restaurant is very profitable and operates on a very low food cost due to its very profitable and limited menu. Seller will train- great business for a chef. This business is a free standing building on about 1 ache and a half and taxes are only $14k yearly. It has great parking and includes a large, full service bar, large kitchen, basement, 2 dinning room areas, and too much to list. This listing is very clean, cozy, updated and well maintained to say the least. Real Estate is also available through PMTG Reality Group for a additional $800k. Combined price for business and property is $1.4. Seller will hold 50 percent of notes on business end. Seller seeks to sell business with real estate and not separate. This place can serve Italian, steaks, seafood, or almost any menu. This is a great place for catering and private affairs. It seats 100.
Training/Support:Seller is willing to train new owner.
Seller Financing:$250,000.00 Down and 249,990.00 for 5 years @7%
Sale Reason:other interest
Ad #67693
Seller Reference #26252
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Leo DeBeech
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