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Business for Sale Summary

Landmark Restaurant and Property - 23634

Business Type: retailing businesses,other eating & drinking places,restaurant/ cafes,special situations,best deals!,new to market,business with property available,seller financing available
Owner Financing
Landmark Restaurant and Property
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This business has received 107 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $450,000 Down Payment $299,000
Gross Revenues $1,105,991 Lease Remaining Register Free to View
Owner’s Cash Flow $180,506 Number of FT Employees Register Free to View


$299,000 Down and Negotiable ( Property available for additional $650K)

Business Description

Landmark Restaurant and Property. The current owners have been here for the past 23 yrs. This is an A Plus location on the South Shore of Suffolk County. Celebrities reside in this area and frequent this establishment. This is a 2 story building, zoned commercially (2,800 sq. ft. ground floor restaurant and approx. 1,000 sq. ft. upstairs with 1 bedroom and 1 bath. There is also a separate structure that can be used as a retail space or an apartment rental, taxes 16K). There is a currently operating restaurant on the ground floor with a fully equipped and immaculate kitchen. They currently offer fine dining European-American cuisine. Their culinary delights have been featured at The Great Chef's of Long Island Annual Benefits as well as being featured in House Beautiful, Victoria, Self, and Country Home magazines. There is seating for 100. There is also a full liquor license and operating bar. In the past year the business grossed approx. $1,200,000.00 with a net income of approx. $180,505.00. The owners are selling the property for $650K. This is an ideal opportunity for a restaurateur looking to own their own space. We are looking for a qualified buyer with at least $299K down for the business purchase. If you are not ready to buy the property today, the owners will offer a lease with an option to buy the property. Be prepared to provide Proof of Funds and a culinary resume! Call or email Mel Vaz today to learn more at 1-877-735-5224 or melvaz@vestedbb.com.

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.