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Business for Sale

3,100 SF Waterfront Restaurant Opportunity Sale
Suffolk County, NY

Listing #36649

   
Financial Information (non-confidential)
Asking Price $89,000.00 Gross Revenues $0.00
Down Payment $89,000.00 Owner’s Cash Flow $0.00

Financing: $89,000.00 Down and None.

Reason for Selling:Owner looking to transition to landlord only and find a buyer for the business assets.

3,100 SF stand alone waterfront restaurant assets now available. A new lease is also available. This spacious restaurant is located in an affluent community. It has its own spacious parking lot with 88 spots. The restaurant is no longer operating, creating an opportunity for an experienced restaurateur to come in and be ready to open before the busy high season. The space is fully equipped with a large, full kitchen, full bar, seating for 105 indoors with an additional 61 outdoor seats on the back deck. Additionally, the heat hot water and roof have all been upgraded. The current owner owns the property and will offer a 15 year lease (10 plus 5) with a rent of $7K/mth to the new owner. Ideal for a surf and turf concept. We are seeking a serious and financially qualified buyer with restaurant experience and at least $150K - $200K in liquid funds (To cover the $89K in key money, 3 months rent security, plus basic additional closing costs). An additional 1,450 market space is available as well, for additional key money and rent. Proof of funds will be requested prior to meeting with the owner. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. All meetings must be scheduled by appointment only!

In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.

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.
Melvin L. Vaz
Senior Business Broker
631-909-1095
melvaz@vestedbb.com
Servicing Area:
All of NY
All of NJ
All of CT
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Melvin L. Vaz

Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.

1(877) 735-5224 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com

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