Large Restaurant for Sale in New York - 36363

Financing

$200,000 Down and $150,000 for 5 years @ 7%

Business Description

Looking for a spacious restaurant in a prime location? This free-standing, 6,000 sq ft niche burger restaurant could be perfect for you! With seating for 130, the space features a full bar, large prep basement, 5 walk-in boxes, and a sizable walk-in freezer. The main manager earns over $100k annually, and the seller profits around $2k weekly, operating mostly absentee. A dedicated, hands-on owner could easily earn over $200k annually. This fantastic restaurant offers excellent exposure and has a low rent of only $7k monthly (triple net) plus $3k in taxes. Sales are up by 11% from last year! With 17 years remaining on the lease and an option to buy the real estate at an under-market price of $1 million within the next 7 years, this is an opportunity not to be missed. The restaurant comes fully equipped with approximately $250k worth of equipment, making it ideal for any major franchise or specialty restaurant, catering, or bar. It also boasts great parking and is situated in a bustling location, perfect for breakfast, lunch, dinner, or catering. Contact broker Jim Aloi at (631) 375-4100 to schedule a meeting and see this fabulous restaurant for yourself. Don’t miss out on this great listing, priced for a fast sale in a desirable location!

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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.