Gold Coast Diner and Building for Sale - 37228

Financing

$700,000 Down and Possible.

Business Description

2,500 SF Gold Coast Diner! The diner is selling for $700K. The property is an additional $2.5 million. This is a true gem. Located on a main street, it is just a few minutes walk to the harbor. The same owner who started the business is now ready to retire after 36 years. The restaurant offers seating for 82 patrons with a semi private room in the back and a full basement. All furniture, fixtures and equipment included. In the past year the business grossed approx. $2,000,000 with a total owner benefit of approx. $400,000. The building and property are available for an additional $2.5 mil. through PMTG Realty. That includes two apartments above. A four-bedroom apartment and a two bedroom apartment. There is a municipal lot in the back, and street parking in front. A buyer with good credit, collateral and experience may qualify for a mortgage on the purchase of the building. We are seeking a serious and financially qualified buyer with at least $700K in liquid funds to cover the business asking price. An additional 20% down payment of $500K, or more, would be needed for a mortgage on the building. Proof of funds for at least $1.2 mil. will be requested prior to meeting with the owner. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only! To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com.

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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.