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Business for Sale Summary

Suffolk County, NY Restaurant & Bar For Sale - 28340

Business Type: bar/tavern/night clubs,liquor store/ wine,other eating & drinking places,best deals!,new to market,seller financing available,restaurant/ cafes
Suffolk County, NY Restaurant & Bar For Sale
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This business has received 29 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $275,000 Down Payment $150,000
Gross Revenues $1,250,000 Lease Remaining Register Free to View
Owner’s Cash Flow $250,000 Number of FT Employees Register Free to View


$150,000 Down and $125,000 for 5 years @ 7%

Business Description

Long Established East end High End Restaurant with very high end expensive wine list wines range for $40 to $1000 per bottle. Half of the sales are wine and liquor very profitable! Note present sell does a lot of cooking and bartender him self,new buyer may net less income if adds help.Present seller nets over $250k seller wants to retire and travels 4 hours a day to get up and back to work. 7 year lease in place with possible option landlord requires 2 year personal guarantee on lease. Note in addition to the $150,000 down needed buyer will need about $100k to stock the same amount of wines as seller. This rustic 60 year old updated restaurant is known for its burgers,dumplings, fish & steaks and wines. Very Niche super money maker.Full basement included.Seller will train for 30 days or longer for a salary. Restaurant and bar seats about 90. Note buyer should have about $300k liquid cash Solid all year business how ever January & February seller only opens 5 days per week Please call 1-877-735-5224 for further information and to speak to the broker.

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.

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.