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Business for Sale Summary

Grill & Lounge in Nassau County NY - 30775

Business Type: retailing businesses,other eating & drinking places,restaurant/ cafes,bar/tavern/night clubs
Grill & Lounge in Nassau County NY
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Financial Information (non-confidential)

General Information
Asking Price $400,000 Down Payment $300,000
Gross Revenues $650,000 Lease Remaining Register Free to View
Owner’s Cash Flow $175,000 Number of FT Employees Register Free to View

Financing

$300,000 Down and 100,000 at 5% over 36 months.

Business Description

This is a great and beautiful Mexican Restaurant. Restaurant is located in a great part of Nassau County, Long Island. Restaurant has a beautiful dining room and bar section. It is 3000 sq. ft., and rent is only $4,700 a month. The current lease has six years remaining, with a five-year option. Restaurant is grossing $650,000 a year. After all bills are paid, owner's cash flow is $175,000. Owner is asking for $400,000, with $300,000 down, and he will hold note of $100,000. He has four part-time employees and three full-time employees. This is one you must see. It is a great business!

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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.