Business Overview:
American Bistro Restaurant And Bar With Outside Area.
This is a totally renovated casual neighborhood American Bistro restaurant, that includes a huge bar and outside area. It is located on the South shore of Long Island, New York in both residential and commercial areas, and has a great location and parking. The seller currently runs absentee and the business is doing $23,000 to $25,000 a week with a profit of $175,000 to $200,000, all provable. The owner runs absentee but can’t be at multiple business locations.
Renovated Build-out:
The restaurant seats 90 and offers a creative American menu, as well as a thought-out beer, wine, and cocktail list. The buildout includes an expanded dining room, a copper-topped bar, high-top tables, and flat-screen TVs. It has a very favorable lease. It offers off-premises catering and in-house party catering.
Possible Owner Financing:
The owner will “hold some paper” for a qualified buyer.
Amount: $99,000
Months Left: 36
Rate: 7.000000000000001%
Monthly Payment: $3,056.83
Reason For Sale:
The owner runs absentee but can’t be at their multiple businesses.
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Property Features and Assets:
Renovated Buildout:
The restaurant seats 90 and offers a creative American menu, as well as a thought-out beer, wine, and cocktail list. The buildout includes an expanded dining room, a copper-topped bar, high-top tables, and flat-screen TVs. It has a very favorable lease. It offers off-premises catering and in-house party catering.
Monthly Rent: $8,400
Lease Ends: 2034-01-01
Area: 4,000 sq/ft
Building Type: Attached
Terms and Options: 3%
Market Competition and Expansion:
Ask broker for details.
Reason for Selling:
Other businesses to run.
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.
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