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Business for Sale Summary

Seafood Restaurant For Sale In Suffolk County, NY - 30822

Business Type: bar/tavern/night clubs,delicatessen/catering services,other eating & drinking places,other food stores,best deals!,business with property available,new to market,seller financing available,restaurant/ cafes
Seafood Restaurant For Sale In Suffolk County, NY
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Financial Information (non-confidential)

General Information
Asking Price $1,300,000 Down Payment $1,300,000
Gross Revenues $2,100,000 Lease Remaining Register Free to View
Owner’s Cash Flow $400,000 Number of FT Employees Register Free to View

Financing

$1,300,000 Down and TBD

Business Description

Established Seafood Restaurant with a full fish market for sale and is a must see! This restaurant offers fresh fish, take-out, catering, eat-in as well as a full bar that seats 220. Established with brand name for over 50 years! The Seller will consider a partnership or stay working a few days a week full-time. There is a Full staff including managers and bookkeepers who will also stay on board. Please note, this brand name can open a lot of satellite locations in New York as well as out of state with full plans in place. A Buyer who is financially sound may net over a half million dollars a year or more at this location. This restaurant has a ton of hidden potential Real estate is also available from PMTG Reality for an additional $2.2 Million this includes a large free-standing restaurant, parking lot and income home that also nets $30,000 plus yearly. Investors, do not let this rare gem pass you by. This is your chance to start a branded franchise of satellite locations. This restaurant nets over $400k after big mortgage, with an asking of $3.5 MIllion for real estate, home and business 25 percent market, 15 percent bar 55 percent eat-in and take-out. This business has short hours and closes at 9 pm. Please contact the broker at 1-877-735-5224. PM

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.