High End Restaurant For Sale in Suffolk County - 34060 Business Type: bar/tavern/night clubs,misc. retail/non-classifiable,misc. service/non-classifiable,other eating & drinking places,owner financing available,restaurant/ cafes/ diners
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $295,000 | Down Payment | $295,000 |
| Gross Revenues | $1,300,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $190,000 | Number of FT Employees | Register Free to View |
Financing
$295,000 Down and Possible.
Business Description
Highly Regarded Restaurant. Major Price Reduction!
This landmark restaurant has been serving up high quality food and drink since 2014.
2023 gross sales were $1,300,000 with an owner's cash flow of approx. $190,000.00.
This is a fully equipped space with 80 seats indoors as well as seating for over 100 outside.
They have 5 years left on the current lease at a total rent of $5,500 (incl. tax and CAM).
A qualified tenant will have the ability to extend the lease.
The current owners are looking to retire after a great run.
Owner is willing to stay on for a training and transition period.
We are seeking a serious and financially qualified buyer with at least $295K in liquid funds.
All site visits must be discreet. Please do not speak with anyone when visiting the location.
All meetings must be scheduled by appointment only!
For more information on this listing, please call, email or text Mel Vaz at (631) 767 0157 or melvaz@vestedbb.com.
In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.
Attention Business Owners:
We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
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.
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