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Business for Sale Summary

Established Restaurant - 26252

Business Type: other eating & drinking places,other food stores,pizza parlour,catering and event planning,other business services,professional services,best deals!,business with property available,new to market,seller financing available,restaurant/ cafes
Owner Financing
Established Restaurant
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This business has received 47 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $499,990 Down Payment $250,000
Gross Revenues $552,000 Lease Remaining Register Free to View
Owner’s Cash Flow $255,488 Number of FT Employees Register Free to View

Financing

$250,000 Down and 249,990.00 for 5 years @7%

Business Description

FINE DINING RESTAURANT BUYERS STOP!!! THIS IS THE ONE AND ONLY RESTAURANT A BUYER NEEDS TO PURCHASE!!! This restaurant sets the standard for all restaurants with seating of up to 100 fine dining patrons. It is located on the East End of Long Island as a beautiful stand alone building with a huge parking lot on a main Arterial Road just off a State Route that is offering not only the best food on the Island, according to many, but the perfect Trifecta for the seasoned restaurant buyer. The perfect ambiance and food, with a 59% Net Income to Gross Profit Return, and to pull the Trifecta together is seller financing and property available. It does not and will not get better than this listing for the restaurant buyer that wants the best in food, reputation, and customer loyalty. Here are just one customers thoughts, ?Words can't even express the wonderful experience that. Firstly, the service is always courteous and personable. Himself makes rounds in the dining room and is an incredibly gracious restaurateur. Most importantly however, is the food!! You cannot go wrong!. himself whipped together a horseradish panko encrusted t-bone for my husband which wasn't even on the menu! It was so good, my husband was gnawing on the bone at the end... My ahi tuna was velvety and melted in my mouth! Don't forget the calamari!! I won't ruin it for you, but don't miss it, you won't be disappointed. The reason for such loyalty among this business's customers is the restaurants mission to make everyone that steps through their doors to feel like they were coming home. They love to do that and it shows. They change their menu seasonally. They offer cooking classes and wine education. This restaurant is hidden in the beginning steps of Lone Islands Wine Country and has the locals best kept secret, The Food Bar. Its a place where the Chef and family take food and the art of eating to a new level. The cuisine takes you around the world within one meal, and the concept is to pair each item with a unique wine or beer selection. This restaurant is famous for ground breaking New American artistic cuisine, which they originated in the Chefs work on Eastern Long Island 25 years ago, and it only got better with time! This restaurant offers the ordinary to the extraordinary and everything in between. They will create menus to reflect your personal taste, style and budget for parties of all sizes, for both your personal and professional needs. Their professional staff will assure that your guests receive the best in quality, taste and service like no other when they cater. They have established an impressive reputation for thoroughly pleasing all palates. Today, with the help of a professional staff and your own personal event planner, they will make magic happen with their dedication to quality and detail. They take the customers event very seriously. Whether it is a small intimate dinner party or a large corporate event, their precision shines. THEY CAN DO IT ALL! As another customer said, This is The Place. I felt like an old friend by everyone on the staff. We always enjoy eating here. Simply the best. That is why as a listing agent for Vested Business Brokers, Rick Murray, I say that with a 1.96 multiple, a restaurant buyer cannot find a better deal than this listing. This restaurant is extremely profitable and is only open 5 pm to 10 pm, 6 days a week with the Chef only working 40 per week. Income can easily be increased with some added ingenuity if one wished. The real estate is also being offered through PMTG Reality Group for an additional $800k. Combined price for business and property is $1.3M with the seller holding 50% of notes on business end. Seller is seeking to sell real estate with business and not separate. The menu was also going to be posted in the business description but I couldn't do it. My mouth started watering and my stomach started grumbling just reading the menu. This restaurant is a must to visit as a buyer, if anything, just to learn how to do it the right way and not only be a successful restaurateur, but a family member to all of your customers. The seller has just lowered the price to give a little motivation to the right buyer to make that offer so it can be reviewed for a quick sale and closing, so the training can begin because the right recipes and ambiance is best taught by a master and friend.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.