Business Description

Well known Eclectic Restaurant - Death Forces Sale! Property for sale as well. The business is closed as of Oct. 2011 and they are asking $725K (Negotiable) for the building and all restaurants contents in "as is" condition. On the South Shore of Nassau County, this business has been operating for over 20 years and is a landmark in the community. It is operated as a restaurant, bar and nightclub in a 6,000 sq. ft facility with very high ceilings and great light. Ideal for private parties. The sale is being conducted through the executor of the estate similar to an auction. The business is currently operating, but not at full capacity. Despite this, 2010 sales still averaged $13K - $14k per week with Total Gross Sales of approx. $710,000.00 and a Net Income of approx. $130,000.00 in 2010. This is an opportunity sale. The business is not being sold based on revenues, but simply as an opportunity for an operator to come in and take over. Potential buyers can visit the location and make a decision. Rent is $7 - 9,000 per month including taxes and CAM (Negotiable). The owner will offer a lease with an option to buy the property. Property is selling for $725K (Negotiable). The business will need renovation. We are looking for serious operators with experience and liquid capital for improvements. Call or email Mel Vaz today to learn more at 631-909-1095 or mvaz@vestedbb.com.