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ID:20243
Nassau County, NY
Business Type: seller financing available,special situations,new to market,retailing businesses,bar/tavern/night clubs,delicatessen/catering services,other eating & drinking places,restaurant/ cafes,services businesses,catering and event planning
Asking Price
$199,000.00
Gross Revenues
$753,000.00
Financing
$ 100,000.00 Down and $99,000at an interest rate of 6% per year, payable monthly, over 60 months
Owner's Cash Flow
$110,060.00
This restaurant has a great location on a busy main street that runs through center of town. 13 years of good will with large loyal clientele. Their menu covers a wide variety of entrees including: fish, chicken, steaks, duck, veal, and lamb; as well as vegetarian and at least one diet/healthy item. 60 seats spread out between two distinct seating areas. Catering is huge and continues to grow. They have catered weddings, birthday parties, bar mitvahs, confirmations, etc. Full, usable basement. Currently, restaurant is not open for lunch, which offers the new owner a significant opportunity. There is a funeral house nearby and there are days when entire families of 50 or more people utilize the restaurant after services. This alone can generate in excess of $2000. This is a very quaint and charming restaurant with fresh flowers and candle lit table lamps. They have been mentioned in The New York Times and Zagats. There's a handsome wood bar that can seat twelve comfortably. Staff is experienced and friendly and most of them are willing to stay on. If you join their birthday club you receive a free gift on your special day. They boast a great list of wines, starting at $18 a bottle. Special twilight dinner menu and New Special Take Out Menu, with special prices. Specially designed for working people, to accommodate their busy schedules, along with saving money. This is a great opportunity for the right person to come in and immediately take over a restaurant that is up and running from day one. The owner is willing to hold a note, and is also willing to stay on to assist the successful transition to new ownership. Lovely location, must see for the restaurateur or chef looking for a spot to practice his skills.
Putnam County, NY
Queens County, NY
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New York County, NY