Business for Sale Overview:
Restaurant grosses $4,000 per week, 60% food, 40% liquor. There is a cabaret license on the property. The business and property are offered for $1.25 Million. There is an apartment that brings in $1,450 per month.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
2,400 Square feet. Rent is $3,000 per month including taxes. There is a new 15 year lease with the business. It seats 90 in the dining room and 37 at the bar. Located on a large intersection. Occupancy is 137.
Market Competition and Expansion:
We have over 250 bars, restaurant and other food and beverage businesses in the Long Island area.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.