Seller's Contact Information
- RE: Bar/Restaurant South Shore Long Island (#22588)
- Contact: Ziggy Marszalek
Quick Facts
Asking Price: | $349,000 | |
Annual Revenue: | $1,200,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $175,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2019 | |
Employees: | 9 | |
BBN Listing #: | 612349666 | |
Broker Reference #: | 22588 |
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 homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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