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Business For Sale
RESTAURANT "DISTRESS SALE" REDUCED
Attn:
John Stefan (631) 473-2973
Commack /Northport area, NY, USA
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Listing Number: "092"
Print this
Listing
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Asking Price: |
$139,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Personal |
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Year Established:
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2004 |
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# of Employees:
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3 Full Time / 4 Part Time |
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Yearly Revenues:
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$600,000 |
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Yearly Cash Flow:
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$105,000 |
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Yearly Net Profit:
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$105,000 |
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Yearly Gross Income:
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$600,000 |
Business for Sale Overview:
This Beautifully Appointed Restaurant has been "Reduced" by $85,000 for a quick sale to $139,000. It is only 4-years old, seats 50 at tables plus a full bar and full basement. It is a "Free Standing" building with it's own parking lot located near the Commack /Northport area of Long Island. Open only 6 days a week from 4:30PM. The Rent is $5,400 per month with a 9 1/2 year lease. "Buy It Now" you must move fast for that price. Seller will hold notes with $80,000 down.
Property Features and Assets:
Beautiful Restaurant, Contemporary Design with Skylights. It is a Free Standing Building, 2,200 square feet plus full basement with a 22-car parking lot, seats-50 plus full bar. Open 6 days a week from 4:30PM. Rent is $5,400 month a with 9 1/2 year lease.
Market Competition and Expansion:
This location is excellent for any type of smaller restaurant, such as an Italian Restaurant, Bistro, American Restaurant, Cafe, Chinese or Japanese Restaurant, Mexican Restaurant, Franchise concept, Bar/Pub, Tavern, Greek Italian Restaurant etc.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for 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.
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