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Business for Sale Summary

Historic East End Bistro w/ 2 Bdrm Apt. - 32414

Business Type: bar/tavern/night clubs,other eating & drinking places,other food stores,restaurant/ cafes/ diners
Historic East End Bistro w/ 2 Bdrm Apt.
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Financial Information (non-confidential)

General Information
Asking Price $449,000 Down Payment $449,000
Gross Revenues $700,000 Lease Remaining Register Free to View
Owner’s Cash Flow $185,000 Number of FT Employees Register Free to View

Financing

$449,000 Down and Price Negotiable.

Business Description

Historic East End Bistro w/ 2 Bdrm Apt. Full bar and full liquor license. The likes of Albert Einstein used to dine here back in the day. Today it is a favorite of locals and Summer visitors. Don't let the "Historic" fool you. The owner/operator has painstakingly restored the dining room to its original luster. The kitchen is fully modernized with an exterior (covered and enclosed) walk-in refrigerator and dry storage area. With inside seating for 63, an additional 7 at the bar, and 20 outside, it is perfect for a casual family dining experience. They are open for lunch and dinner ONLY 6 DAYS PER WEEK. In the past year the business grossed approx. $700,000.00 with a Net Income of approx. $185,000.00. The location has 10 years left on the current lease at a rent of $5,303/mth. THAT RENT INCLUDES A 2 BEDROOM APARTMENT that can be used for the new owner, the staff, or sub-leased for rental income. We are looking for a serious and financially qualified buyer with restaurant experience. We are seeking a serious and financially qualified buyer with at least $449K in liquid funds. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

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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.