Owner Financing is Available!
Business Overview:
Eclectic Restaurant - Death Forces Sale! Property for sale as well. This is a well know restaurant on the South Shore of Nassau County. In business for over 20 years and a landmark in the community. It is operated as a restaurant, bar and nightclub in a 6,000 sq. ft facility with very high ceilings and great light. Ideal for private parties. The sale is being conducted through the executor of the estate similar to an auction. The business is currently operating, but not at full capacity. Despite this, 2010 sales still averaged $13K - $14k per week with Total Gross Sales of approx. $710,000.00 and a Net Income of approx. $130,000.00 in 2010. This is an opportunity sale. The business is not being sold based on revenues, but simply as an opportunity for an operator to come in and take over. Potential buyers can visit the location and make a decision. Rent is $9,000 per month including taxes and CAM. The owner will offer a lease with an option to buy the property. Property is selling for $1million. The business will need renovation. We are looking for serious operators with experience and liquid capital for improvements.
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.
Reason for Selling:
Personal
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.