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Business For Sale

RESTAURANT "DISTRESS SALE" REDUCED

Attn: John Stefan (631) 473-2973
Commack /Northport area, NY, USA
Listing Number: "092"
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Asking Price: $139,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Restaurants, Fast Food, Deli  
Reason for Selling: Personal
Year Established: 2004
# of Employees: 3 Full Time / 4 Part Time
Yearly Revenues: $600,000
Yearly Cash Flow: $105,000
Yearly Net Profit: $105,000
Yearly Gross Income: $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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