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Business for Sale Summary

3,000 Sq. Ft. Rest. In Hot South Shore Town - 29780

Business Type: other eating & drinking places,other food stores,new to market,seller financing available,restaurant/ cafes
3,000 Sq. Ft. Rest. In Hot South Shore Town
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Financial Information (non-confidential)

General Information
Asking Price $425,000 Down Payment $225,000
Gross Revenues $1,102,305 Lease Remaining Register Free to View
Owner’s Cash Flow $312,478 Number of FT Employees Register Free to View

Financing

$225,000 Down and $200K over 4 yrs. @ 6%.

Business Description

This 3,000 sq. ft. restaurant is now for sale in a hot South Shore area. *MAJOR PRICE REDUCTION* In fact, this is currently the hottest area of growth on the South Shore of Suffolk County. This is the only restaurant of this size, with it's own 80-space parking lot in the area. All other places have metered lots or metered street parking. This place offers 90 seats in the dining room, with a full restaurant kitchen. In the past year, the business grossed approx. $1,196,000.00, with a net cash flow of approx. $312,477.00. This is a unique situation. The owner is the landlord, and he has many other projects going on. He is open to selling the business "as is", or, if an experienced restaurateur were to propose a viable new concept, he would be willing to take a lower price. Ideally, he is seeking a good tenant who would improve his building. At the very least, he will offer a 10-year lease, with a base rent of $6,500/month, plus taxes, CAM, etc. We are seeking a serious and financially-qualified buyer with at least $225K in liquid funds to cover the downpayment. To learn more, please call Mel Vaz at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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 kg

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.