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Business for Sale Summary

Restaurant in Suffolk County, NY - 30092

Business Type: bar/tavern/night clubs,other eating & drinking places,best deals!,must sell/drastic price reduction!,new to market,seller financing available,restaurant/ cafes
Restaurant in Suffolk County, NY
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This business has received 109 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $425,000 Down Payment $250,000
Gross Revenues $1,290,323 Lease Remaining Register Free to View
Owner’s Cash Flow $260,674 Number of FT Employees Register Free to View

Financing

$250,000 Down and $175K over 5 yrs. @ 6%.

Business Description

Gorgeous fine dining restaurant for sale. *MAJOR PRICE REDUCTION* This location is just minutes from the LIE. It is beautifully-appointed with a 38 ft. bar, with seating for 25. There are 130 seats, with a legal occupancy of 168. The space is setup with two separate dining areas- one with seating for 75, the other with seating for 55. Most days, they can offer regular dining and private parties at the same time. They also offer live music and a dance floor. Sales have increased every year for the past 15 years! In the most recent year, gross sales were approx. $1,400,000.00, with a net cash flow of approx. $260,000.00. The seller keeps excellent financial records. There is parking for over 35 cars. The owner is selling to retire. We are seeking a serious and financially-qualified buyer with at least $250K in liquid funds. To learn more, please call Mel Vaz at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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. kg

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.