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This Business has been Sold!
Closing Date: 09/07/2012

Business for Sale Summary

FIRE SALE!! Diner/Restaurant Opportunity - 22019

Business Type: retailing businesses,other eating & drinking places,other food stores,restaurant/ cafes,special situations,distressed sales!,must sell/drastic price reduction!,new to market,seller financing available,assets only sale
Sold
FIRE SALE!! Diner/Restaurant Opportunity
On September 7th 2012, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: This Broker is Servicing All of CT, MA, NH, NJ, NY, PA, RI and VT
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $99,000 Down Payment $99,000
Gross Revenues $297,400 Lease Remaining Register Free to View
Owner’s Cash Flow $37,126 Number of FT Employees Register Free to View

Financing

$99,000 Down and OR BEST REASONABLE OFFER!

Business Description

FIRE SALE! CURRENTLY CLOSED! Diner/Restaurant Opportunity. This business was opened just 1.5 years ago with aspirations to be a small town diner with live music. The 2900 sq. ft. space was beautifully renovated, floor to ceiling, but surprise costs in build out, licensing, etc. have caused a cash flow problem for the owners. They have been forced to sell due to this. In 2011, average Gross sales were approx. $5,500/wk with a Gross of $287,000 and a Net of approx. $38K. Sales are slowly growing, but the owners do not wish to build any more debt. We are looking for a hands-on owner operator looking to take over a fully equipped and furnished restaurant opportunity. It is worth a visit. Call or email Mel Vaz today to learn more at 631-909-1095 or mvaz@vestedbb.com.

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.