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Business for Sale Summary

Long Established Restaurant - 25598

Business Type: seller financing available,special situations,best deals!,new to market,retailing businesses,bar/tavern/night clubs,delicatessen/catering services,other eating & drinking places,restaurant/ cafes
Owner Financing
Long Established  Restaurant
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This business has received 126 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $595,000 Down Payment $395,000
Gross Revenues $1,500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $257,000 Number of FT Employees Register Free to View


$395,000 Down and $395,000 & TBD

Business Description

Nassau County Zagat rated business is in a great location and is well established and has been owned for over 30 years by seller. The restaurant has a bar and a separate banquet room of over 12000 square feet plus 6000 sq ft basement with walk ins, an office, boiler storage room and stock rooms. Upper level banquet room with bridal suite and beautiful mahogany bar can cater parties up to 250 people! It also includes private parking lot for 200 cars. This business also installed a convenient guest elevator at a cost of $125,000. This listing includes 5 Restrooms, large prep areas and a tremendous kitchen. It comes with a 12 year lease with a possible five or ten year option. Its a true solid investment numbers posted are from its worst year - this restaurant has done as high as 3.4 million. Seller will stay on a few days per week if needed. They offer an American and German menu plus a bar with a lunch and dinner menu in and multiple seating areas for dining. Low food cost with 1/3 liquor sales at 17% cost very profitable. Includes full laundry room. This is one of my top listing's this year! See photos at www.vestedbb.com, contact business broker JIM ALOI for more details proof of funds a must sincere replies only! Suitable for night club catering hall or keep as is a successful restaurant must see!! Seats 500.

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.