Lucrative BBQ Restaurant For Sale in New York - 35513 Business Type: absentee business,bar/tavern/night clubs,business with property available,catering and event planning,other food stores,seller financing available,restaurant/ cafes/ diners
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $400,000 | Down Payment | $250,000 |
| Gross Revenues | $1,700,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $110,000 | Number of FT Employees | Register Free to View |
Financing
$250,000 Down and 150,000 for 7%
Business Description
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.
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!
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.
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.
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