Gorgeous Restaurant Chefs Dream - 15670 Business Type: must sell/drastic price reduction!,bar/tavern/night clubs,other eating & drinking places,restaurant/ cafes/ diners,misc. retail/non-classifiable
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $158,000 | Down Payment | $108,000 |
| Gross Revenues | $766,821 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $43,361 | Number of FT Employees | Register Free to View |
Financing
$108,000 Down and Negotiable
Business Description
Gorgeous fine dining restaurant in the heart of a South Shore Suffolk County Community, right by the water. This business was recently rated a Don't Miss by Joanne Starkey of the New York Times. They offer a diverse selection of New American entrees that cover all the bases. The restaurant is beautifully designed and decorated to give a Manhattan feel here on Long Island. A piano player tickles the ivories Thursday, Friday and Saturday in the Piano Room. The dining area seats 120 guests and is split into three separate areas, ideal for private parties. In fact, it is the only restaurant in town that can offer three separate rooms. The current owner is also the landlord, ready to offer a 15 year lease with only 3% rent increases for a 4,040 sq. ft. facility. Sales currently average $16,000 per week and they are consistently climbing. ALL FINANCIALS ARE VERIFIABLE! There is plenty of room for growth as the business is currently open only for dinner 6 days per week. They do not currently offer lunch or brunch and there has been very little marketing effort for catering or family dining. This is a truly unique location that will not be on the market for long.We are looking for a strong operator and good tenant. Candidates must have restaurant management and/or experience as a chef. if you qualify, please call or email Mel Vaz today at 631-909-1095.
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.
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