High Volume Cafe and Ice Cream Parlor-27241

Suffolk County, NY
Suffolk County

Asking Price: Annual Revenue:
$565,000 $886,829

Food & Beverage: Coffee, Cafe, Dessert

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RE: High Volume Cafe and Ice Cream Parlor-27241 Broker: Melvin L. Vaz

Quick Facts

Asking Price: $565,000
Annual Revenue: $886,829
Net Profit: Not Disclosed
Cash Flow: $226,864
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 27
BBN Listing #: 36774447
Broker Reference #: 27241

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Business Overview:

High Volume Cafe and Ice Cream Parlor on the NorthFork of Suffolk County. This business has been established for nearly 20 years. They offer breakfast, lunch and dinner, as well as ice cream (even ice cream cakes). It has a quaint country feel in a welcoming dining room, which seats 70. There is also a private party room that seats 36 and covered outdoor seating for an additional 20. The space is approximately 2,400 square feet with a full, very clean, basement with tremendous storage space. There are 15 years left on the current lease with standard 3% annual rent increases. They offer a full restaurant kitchen. They are open 7 days in the summer and 6 days in the winter. They have built a very strong name in the community with loyal customers that come year-round. THE OWNERS KEEP EXCELLENT, VERIFIABLE RECORDS! In the past 12 month the business grossed approx. $886,829.92 (UP 11.4% FROM 2014) with a net income of approx. $226,864.09. THIS IS ALL DONE WITHOUT SELLING ANY BEER OR WINE! That is a great upside for any new owner. The current owners spend no time in the kitchen. They have loyal staff with some in the kitchen working with them for over 15 yrs. We are seeking serious and qualified buyers with at least $345K in liquid funds (to cover the downpayment) and some restaurant management background. The owners are willing to hold a note for the balance of the asking price. If you fit the criteria, please call us.

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Reason for Selling:

Other Business Interests

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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