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Business for Sale Summary [Non-Confidential]

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Suffolk County, NY

Business Type: retailing businesses,other eating & drinking places,restaurant/ cafes

Recorded Info
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Non-Confidencial Financial Infomation

  • Asking Price

    $1,100,000.00

  • Gross Revenues

    $1,664,000.00

  • Financing

    $ 400,000.00 Down and balance over 10 years @ 8%

  • Owner's Cash Flow

    $305,648.00

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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

PRICE REDUCE...TREMENDOUS OPPORTUNITY to own this wonderful well established Modern Diner! Terrific location at the intersection of two of Long Island's busiest highways! A well deserved retirement brings this very profitable LI institution to the market. Currently grossing $40k/wk! New owner can raise below market prices and increase gross by 30%! Nice size business, w/ 200 seats (4600 sq ft) and 70 parking spaces. Good mix of business and residents brings traffic 24/7 to this family owned establishment. Loyal customers and superior food make this a preferred gathering and party place. Bakery on premises increases gross margins. Well trained and experienced staff makes food &/or restaurant experience optional. Any good business person will succeed and prosper here! No serious diner competition for miles and miles Add delivery to industrial park and grow biz another 10-15%!!

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