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Lucrative BBQ Restaurant For Sale in New York Nassau County, NY |
Listing #35513 |
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| Financial Information (non-confidential) |
| Asking Price |
$350,000.00 |
Gross Revenues |
$1,700,000.00 |
| Down Payment |
$200,000.00 |
Owner’s Cash Flow |
$110,000.00 |
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Financing: $200,000.00 Down and balance for 7%
Reason for Selling:Seller to busy
Looking for a spacious restaurant in a great location? Check out this free-standing, 6,000 sq ft niche burger restaurant with seating for 130. The space includes a full bar, large prep basement, 5 walk-in boxes, and a large walk-in freezer. The main manager earns over $100k in payroll and the seller profits around $2k weekly, mostly absentee. A hard-working, hands-on buyer could easily pull in over $200k annually. This amazing restaurant has fantastic exposure and a low rent of only $7k monthly triple net plus $3k taxes. House sales are also up by 11% from last year! With 17 years left 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 a rare gem not to be missed. The restaurant comes fully equipped with around $250k worth of equipment, making it a great location for any major franchise or specialty restaurant. Contact broker Jim Aloi at (631)375-4100 to schedule a meeting and see this fabulous restaurant for yourself!
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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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Jim Aloi Senior Business Broker
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Servicing Area:
Nassau County, NY Suffolk County, NY Kings County, NY Bronx County, NY
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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. |
1(877) 735-5224 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com |