1. Home
  2. Businesses for Sale
  3. New York
  4. Retailing Businesses
This Business has been Sold!
Closing Date: 12/07/2011

Business for Sale Summary

Stand Alone Restaurant Nineteen Yr Lease - 19599

Business Type: seller financing available,special situations,best deals!,new to market,retailing businesses,bar/tavern/night clubs,fast food franchise,other eating & drinking places,other food stores,restaurant/ cafes,misc. retail/non-classifiable
Sold
Stand Alone Restaurant Nineteen Yr Lease
On December 7th 2011, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: This Broker is Servicing All of CT, MA, NH, NJ, NY, PA, RI and VT
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 $249,000 Down Payment $100,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$100,000 Down and $149K over 3 yrs. @ 10%

Business Description

***RARE OPPORTUNITY - VESTED EXCLUSIVE LISTING*** CURRENTLY CLOSED. This is a 150 Seat Restaurant that had been established and operated for the past 17 years by the same family. They recently closed for renovation and have since decided to sell instead. You are buying a 19 year lease for a 6,500 sq. foot, stand alone, bar and restaurant right off a major parkway. It is triple Net lease with a base rent of only $7,000 per month ($12,000 with taxes and maintenance) A location. It has parking for over 120 cars. It has a semi private room along with general dining and 20 seat bar. This is ideal for a serious restaurant looking to expand. The decor can be updated for a minimal expense or completely over-hauled, depending on your vision. The kitchen is a full restaurant kitchen that is totally up-to-date and needs no renovation. Great for Italian Restaurant, Steak House, Chinese, Mexican, or Ale House. (PLEASE NOTE: Seller has approved plans in place with stamped permits for Ale House with 30 tap beers. Plans cost $25,000. Seller will include plans as part of the deal. Renovation will cost under $200k). Possible outdoor seating. MUST SEE! WON'T LAST.......LOCATION LOCATION LOCATION...TOO MUCH TO LIST.... Call or email Mel Vaz immediately at 631-909-1095 or mvaz@vestedbb.com!!

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.