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Business for Sale Summary

2,520 SF Stand Alone Restaurant and Property - 35659

Business Type: business with property available,misc. retail/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes/ diners,bar/tavern/night clubs
2,520 SF Stand Alone Restaurant and Property
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This business has received 374 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $75,000 Down Payment $75,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$75,000 Down and Business and property must be purchased together. The business is selling for $75K and property for an additional $999K.

Business Description

2,520 SF Stand Alone Restaurant with Full Liquor License. Major Price Reduction! The business assets and infrastructure are selling for only $75K. The 9,500 sf. Property and building are available through PMTG Realty Group for an additional $999K. Property taxes are $48k/year. This spacious restaurant is located on a major roadway street in an affluent South Shore town. The owner has been here for over 40 years, but is now ready to retire. The property has its own parking lot, recently repaved, with 15 spaces, plus parking in front and on the side street. A parking lot is very hard to find on this area. The space offers a fully equipped kitchen, bar seating for 6 and two dining rooms with seating for 75 and 50 respectively. There is additional linen storage and an outdoor walk-in box. A buyer may keep the current concept or bring in something entirely new. We are seeking a serious and financially qualified buyer with at least $300,000 in liquid funds, good credit and restaurant experience to qualify for a commercial mortgage. Proof of funds will be requested prior to meeting with the owner. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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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.