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Business for Sale Summary [Non-Confidential]

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Suffolk County, NY

Business Type: seller financing available,special situations,best deals!,nutrition & health food,new to market,retailing businesses,bar/tavern/night clubs,other eating & drinking places,restaurant/ cafes,services businesses,catering and event planning

Recorded Info

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Non-Confidencial Financial Infomation

  • Asking Price

    $799,000.00

  • Gross Revenues

    $1,832,000.00

  • Financing

    $ 500,000.00 Down and $299k for 5 years @ 6 percent interest

  • Owner's Cash Flow

    $422,500.00

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Business Description

This outstanding, upscale restaurant is located in a beautiful village type area. This 6000 square foot restaurant is very organized and super clean. It seats 140 inside in the multi level dining area plus outside seating with a great view of the water and seasonal live entertainment. This restaurant offers a traditional menu as well as an organic and gluten free menu and has been rated as a top notch restaurant. They do catering 85% on premises and 15% off premises with a great opportunity to expand their off premises catering with more marketing and advertising. Their sales are two million with a strong and impressive cash flow. All interested buyers MUST SEND BROKER PROOF OF FUNDS. Rent is only $8k per month. The seller will transfer 7 year lease with no increase plus a 5 year option 12 years. One partner can stay on for a smooth transition and training for salary. This great place has full security camera equipment as well as a full point of sale system. Inside you will find several dining areas some with fire places, full prep basement, large kitchen, upstairs prep area, outside bar, inside bar, full liquor room, office, stock room and too much to list! Contact broker Jim Aloi for details. Both partners presently cook a half a week each only. *NOTE: all stated sales are reported - come examine their tax returns. PLEASE NOTE SALES AND CATERING ARE WAY UP!!!!



Disclaimer: The information in these listings is provided by the Seller. Vested Business Brokers, Ltd. has not independently verified this information. Our Brokers are not authorized to make any representations or warrantees. You agree to hold Vested and its associated brokers harmless for any misrepresentations made by seller.

Listing Broker

Jim Aloi

Jim Aloi

  View Broker Profile & Listing

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