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Business for Sale Summary

Profitable Restaurant for sale in Nassau County - 33498

Business Type: business with property available,other eating & drinking places,seller financing available,restaurant/ cafes/ diners
Owner Financing
Profitable Restaurant for sale in Nassau County
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Financial Information (non-confidential)

General Information
Asking Price $1,100,000 Down Payment $900,000
Gross Revenues $2,300,000 Lease Remaining Register Free to View
Owner’s Cash Flow $450,000 Number of FT Employees Register Free to View

Financing

$900,000 Down and 200K at 9% over 36 months

Business Description

Since 1938, this Italian Restaurant is serving the local community in a very reputable way. It is located in one of the richest areas on Long Island. Its gross sale is over 2.2 million a year; has it own bar. It has the seating arrangement of 100 guests at a time. All the employees have been working for many many years and are willing to work with a new owner. The restaurant is known for its scrumptious and mouthwatering dishes. All day to day business is fully computerized and is openly verifiable. Seller wants to sell with property for 2.9 million. The existing loan is transferrable. Seller's net cash flow, after all the expenses is over $450,000 a year. Property is being sold through PMTG Reality. It is once in a life time opportunity to buy this kind of highly profitable business. Call Syed at 631-374-7686 for more information. Proof of funds is a must.

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.