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Business for Sale Summary

Stand Alone Restaurant - 30830

Business Type: bar/tavern/night clubs,fast food franchise,other eating & drinking places,other food stores,best deals!,business with property available,new to market,seller financing available,restaurant/ cafes
Stand Alone Restaurant
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Financial Information (non-confidential)

General Information
Asking Price $450,000 Down Payment $275,000
Gross Revenues $1,290,323 Lease Remaining Register Free to View
Owner’s Cash Flow $190,140 Number of FT Employees Register Free to View

Financing

$275,000 Down and $175K over 7 yrs. @ 6%

Business Description

This 6,000 sq. ft. stand-alone restaurant is for sale with real estate option. This is a fantastic deal. This is a golden opportunity, located just north of a major Suffolk County roadway. This space was completely renovated at a cost of over $1.2 million, just a few years ago. Everything is in mint condition, from HVAC and electrical, to the grease traps, refrigeration and POS. They have 48 beers on tap and an impressive tap room, just to accommodate the bar. The bar offers indoor seating and service, as well as a double-window to offer patio services, with seating for 40. There is a huge industrial kitchen with two hoods. The dining room can accommodate over 220 guests. There is also a separate area for private parties. The space must be seen to be appreciated. It is currently being operated as a casual dining franchise. You can keep the current concept if you act fast. If not, the owner is going to cancel the franchise agreement and put in a different concept. With the current concept, the business grossed approx. $1,400,000.00 with a cash flow of approx. $188,822.00. Without the franchise fees of 5% and marketing fees of 3%, you could realize even higher profits. There are 20 years left on the current lease, at a rent of $14K/month ($10K base rent, $4k/month taxes and triple-net), and only 2.5% annual increases. There is also an option on the property for an additional $1.6 million. The restaurant has its own private parking lot with over 75 parking spaces. We are seeking a serious and financially-qualified buyer, with at least $303K in liquid funds to cover the downpayment and rent security. To learn more, please call Mel Vaz today 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.