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Financing: $200,000.00 Down and $150,000 for 5 years @ 7% Reason for Selling:Seller Overwhelmed 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!
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. |
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
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1(877) 735-5224 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com |