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Business for Sale Summary

High End Dining Restaurant for Sale in New York - 36527

Business Type: bar/tavern/night clubs,delicatessen/catering services,owner financing available,restaurant/ cafes/ diners
Owner Financing
High End Dining Restaurant for Sale in New York
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This business has received 122 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $795,000 Down Payment $495,000
Gross Revenues $2,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $290,000 Number of FT Employees Register Free to View

Financing

$495,000 Down and $300,000 for 5 years @ 8%

Business Description

Premier, highly established restaurant and steakhouse with a 15-year legacy of success! This profitable, 5-star, white-tablecloth establishment boasts an 18-foot sit-down bar and seating for approximately 130 guests. Ideally situated near a major route in a high-traffic, sought-after Suffolk location with ample parking. This exceptional venue generates several million in annual revenue and offers a hands-on, front-end owner-manager close to $300,000 in net earnings. It's one of the area's top destinations for dining and catering. Ownership of this prestigious establishment would be a point of pride. Note: the current manager is not a chef. Please also note that the price is firm, the seller is not open to negotiating. For more information, contact broker Jim Aloi at 631-375-4100. This opportunity may qualify for bank financing.

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