Historic East End Bistro w/ 2 Bdrm Apt.-32414

Not Disclosed, NY
Suffolk County


Asking Price: Annual Revenue:
$449,000 $700,000

Food & Beverage: Restaurants, Fast Food, Deli


Request More Information
Contact the Seller

RE: Historic East End Bistro w/ 2 Bdrm Apt.-32414 Broker: Melvin L. Vaz
Owner Financing is Available!
$449,000.00 Down & Price Negotiable.

Quick Facts

Asking Price: $449,000
Annual Revenue: $700,000
Net Profit: Not Disclosed
Cash Flow: $185,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 9
BBN Listing #: 71354447
Broker Reference #: 32414

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

Historic East End Bistro with 2 Bedroom Apartment. Full bar and full liquor license. The likes of Albert Einstein used to dine here back in the day. Today it is a favorite of locals and Summer visitors. Don't let the "Historic" fool you. The owner/operator has painstakingly restored the dining room to its original luster. The kitchen is fully modernized with an exterior (covered and enclosed) walk-in refrigerator and dry storage area. With inside seating for 63, an additional 7 at the bar, and 20 outside, it is perfect for a casual family dining experience. They are open for lunch and dinner ONLY 6 DAYS PER WEEK. In the past year the business grossed approximately $700,000.00 with a Net Income of approximately $185,000.00. The location has 10 years left on the current lease at a rent of $5,303/month. THAT RENT INCLUDES A 2 BEDROOM APARTMENT that can be used for the new owner, the staff, or sub-leased for rental income. We are looking for a serious and financially qualified buyer with restaurant experience. We are seeking a serious and financially qualified buyer with at least $449,000 in liquid funds. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY! Please use email reply button of this ad to contact us.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Divesting

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!