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Business for Sale Summary

High End Restaurant For Sale in Suffolk County - 34060

Business Type: bar/tavern/night clubs,misc. retail/non-classifiable,misc. service/non-classifiable,other eating & drinking places,seller financing available,restaurant/ cafes/ diners
Owner Financing
High End Restaurant For Sale in Suffolk County
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Financial Information (non-confidential)

General Information
Asking Price $295,000 Down Payment $295,000
Gross Revenues $1,300,000 Lease Remaining Register Free to View
Owner’s Cash Flow $190,000 Number of FT Employees Register Free to View

Financing

$295,000 Down and Possible.

Business Description

Highly Regarded Restaurant. Major Price Reduction! This landmark restaurant has been serving up high quality food and drink since 2014. 2023 gross sales were $1,300,000 with an owner's cash flow of approx. $190,000.00. This is a fully equipped space with 80 seats indoors as well as seating for over 100 outside. They have 5 years left on the current lease at a total rent of $5,500 (incl. tax and CAM). A qualified tenant will have the ability to extend the lease. The current owners are looking to retire after a great run. Owner is willing to stay on for a training and transition period. We are seeking a serious and financially qualified buyer with at least $295K in liquid funds. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only! For more information on this listing, please call, email or text Mel Vaz at (631) 767 0157 or melvaz@vestedbb.com.

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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.