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This Business has been Sold!
Closing Date: 07/29/2013
Broker: Jim Aloi

Business for Sale Summary

Grill & Restaurant - 23052

Business Type: bar/tavern/night clubs,other eating & drinking places,restaurant/ cafes,best deals!,distressed sales!,must sell/drastic price reduction!,new to market,seller financing available
Sold
Grill & Restaurant
On July 29th 2013, The Undersigned
Acted as the Advisor to the Deal
Jim Aloi
Jim Aloi Senior Broker
Servicing: Bronx County NY, Kings County NY, Nassau County NY, Suffolk County NY
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 $200,000 Down Payment $115,000
Gross Revenues $900,000 Lease Remaining Register Free to View
Owner’s Cash Flow $165,248 Number of FT Employees Register Free to View

Financing

$115,000 Down and 85,000 Equipment Lease For 36 Months

Business Description

Fantastic restaurant and grill with full service bar located in high income area in busy shopping strip with great exposure. 2200 sq. ft. listing is clean bright, cozy and very busy to say the least. They do a huge daily delivery with 5 drivers and take out business. Also has a dine area with a 100 seats. Known for their great salads, seafood and catering business. For urgent personal reasons, owner is selling the business for half of what it is worth. Parking is unlimited there kitchen is well designed and fully updated. Must see! This listing offers a rare 20 year lease! Seller needs out and will take $115k down and buyer can taker over balance of equipment lease for $85k for 39 months payments are about $2200 per month. Fully updated listing that will not last. Seller is closed Monday and open a half a day Tuesday. Buyer can open more hours offer more items on menu open more locations and promote more bar and diner business. Location grosses close to a million dollars per year with a net over $165k. Menu includes appetizers, pasta dishes, large salad choice, grilled salmon and steaks, veal, chicken and seafood choices. For More Information Contact Your Local Vested Business Broker, Jim Aloi, at 1-877-735-5224.

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.