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This Business has been Sold!
Broker: Jim Aloi

Business for Sale Summary

Seafood & Lounge in Suffolk County, NY - 30512

Business Type: other eating & drinking places,restaurant/ cafes,best deals!,must sell/drastic price reduction!,new to market,bar/tavern/night clubs
Sold
Seafood & Lounge in Suffolk County, NY
On , The Undersigned
Acted as the Advisor to the Deal
Jim Aloi
Jim Aloi Senior Broker
Servicing: Bronx County NY, Kings County NY, Nassau County NY, Suffolk County NY
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.

Financial Information (non-confidential)

General Information
Asking Price $499,000 Down Payment $499,000
Gross Revenues $2,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $400,000 Number of FT Employees Register Free to View

Financing

$499,000 Down and None

Business Description

State-of-the-art, upscale, classy Seafood restaurant and lounge for sale. DJ and dancing in the evenings. Well-established, semi-enclosed patio. Newly-updated with every bell and whistle available, this 3000 sq. ft. business is super busy and highly-profitable. This cash cow is priced to sell, as the seller has other plans. This well-off seller is giving this away for a sincere cash buyer. Seller will secure a new 10 or 15 year lease. Seller just added a huge refrigerated/freezer combo walk-in for $50,000. Note- seller nets $400k, mostly absentee. Currently selling 70 percent food, 30 percent liquor. It takes a two-week wait to get reservations here. This is the cream of the crop Super highly desirable location, with lots of walking traffic. This is the best of the best. Please contact the broker at 1-877-735-5224.

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.