Owner Financing is Available!
Business Overview:
This Breakfast /Lunch Restaurant is open from 7:30 AM – 3 PM and is a similar operation in concept and menu to that of the IHOP chain of Restaurants. It is strategically located as the 1st store at the main entrance of a Mega Indoor Mall in Suffolk County. The Restaurant also has it s own outdoor sign an entrance and is approximately 2,100 sq ft with a Full Kitchen with seating 106 people. The seller vacations approximately 3-months per year, so the business is operated semi-absentee with plenty of room for growth. It has a 7-yr Lease with a monthly Rent of $5,800 (includes taxes and common charges), increases of only 3.3% every 3-yrs (no increases are due till 2013). The Lease allows for only 2-Restaurants /Food Establishments to operate in the entire Mall and this location can be Any Type of Restaurant /Fast Food Restaurant other than Italian cuisine. The Seller prefers Cash-out Offer but may finance to an experienced operator with 80%.
***DON’T WAIT ON THIS ONE*** ***IT WILL SELL FAST***
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:
Approximately 2,100 sq ft with a Full Kitchen and seating for 106 people.
Market Competition and Expansion:
The seller vacations approximately 3-months per year, so the business is operated semi-absentee with plenty of room for growth. The Lease allows for only 2-Restaurants /Food Establishments to operate in the entire Mall and this location can be any type of Restaurant /Fast Food Restaurant other than Italian cuisine.
Reason for Selling:
Retiring
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.