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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!,new to market,retailing businesses,other eating & drinking places,other food stores,restaurant/ cafes,misc. retail/non-classifiable

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Non-Confidencial Financial Infomation

  • Asking Price

    $199,000.00

  • Gross Revenues

    $516,130.00

  • Financing

    $ 130,000.00 Down and $69K over 4 yrs. @ 6%

  • Owner's Cash Flow

    $108,540.00

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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.

Business Description

Traditional American Restaurant in a picturesque South Shore Community. The business is situated in a beautiful shopping center where they can take advantage of the vacationing Summer crown, but still maintain their full time local clientele. Currently open for lunch and dinner, they offer simple American fare at very reasonable prices. The 2,500 sq. ft. interior is in great shape and can seat 70. They offer two separate dining rooms and a separate bar area. It is perfect for private parties. In 2010, the business has Gross Sales of approx. $560,000.00 with a Net Income of approx. $95,000.00. They have a long term lease with 13 yrs. remaining (3 5 5) and only 3% rent increases. This is ideal for an owner/operator or a family run operation. We are looking for a strong operator and good tenant. Candidates must have restaurant management and/or experience as a chef. If you qualify, please call or email Mel Vaz today at 631-909-1095 or mvaz@vestedbb.com.

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