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Business for Sale Summary

Iconic Eastern Suffolk Restaurant For Sale - 35547

Business Type: bar/tavern/night clubs,other eating & drinking places,owner financing available,restaurant/ cafes/ diners
Owner Financing
Iconic Eastern Suffolk Restaurant For Sale
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Financial Information (non-confidential)

General Information
Asking Price $599,000 Down Payment $349,000
Gross Revenues $1,600,000 Lease Remaining Register Free to View
Owner’s Cash Flow $350,000 Number of FT Employees Register Free to View

Financing

$349,000 Down and Balance of $250k at 7% for 60 months.

Business Description

Iconic Eastern Suffolk Restaurant for sale, with features such as a large classic bar, 232 seating capacity, and outdoor dining in the summer. With a loyal customer base who enjoy dining in, take out, as well as the ability to order through food delivery services. The restaurant boasts 7,000 sq. ft. with a 1,800 sq. fit. kitchen and was built in 1873. The kitchen features two walk in freezers, two long walk in boxes and a full basement for storage. This restaurant also has an ATM on site and four easily accessible restrooms. A magnificent restaurant with an owner who feels it is time to move on. To learn more, please contact the broker Peter Santella at 516-250-6822.

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