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Gorgeous Restaurant Chefs Dream Suffolk County, NY |
Listing #15670 |
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| Financial Information (non-confidential) |
| Asking Price |
$158,000.00 |
Gross Revenues |
$766,821.00 |
| Down Payment |
$108,000.00 |
Owner’s Cash Flow |
$43,361.00 |
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Financing: $108,000.00 Down and Negotiable
Reason for Selling:The landlord is the current owner and he is looking to sell to a good tenant.
Gorgeous fine dining restaurant in the heart of a South Shore Suffolk County Community, right by the water. This business was recently rated a Don't Miss by Joanne Starkey of the New York Times. They offer a diverse selection of New American entrees that cover all the bases. The restaurant is beautifully designed and decorated to give a Manhattan feel here on Long Island. A piano player tickles the ivories Thursday, Friday and Saturday in the Piano Room. The dining area seats 120 guests and is split into three separate areas, ideal for private parties. In fact, it is the only restaurant in town that can offer three separate rooms. The current owner is also the landlord, ready to offer a 15 year lease with only 3% rent increases for a 4,040 sq. ft. facility. Sales currently average $16,000 per week and they are consistently climbing. ALL FINANCIALS ARE VERIFIABLE! There is plenty of room for growth as the business is currently open only for dinner 6 days per week. They do not currently offer lunch or brunch and there has been very little marketing effort for catering or family dining. This is a truly unique location that will not be on the market for long.We are looking for a strong operator and good tenant. Candidates must have restaurant management and/or experience as a chef. if you qualify, please call or email Mel Vaz today at 631-909-1095.
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Mel Vaz Senior Business Broker
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Servicing Area:
All of NY All of NJ All of CT All of MA
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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 |