Central American Restaurant/Cuisine (#22592)
Huntington Station, NY Suffolk County
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- RE: Central American Restaurant/Cuisine (#22592)
- Contact: Ziggy Marszalek
Quick Facts
| Asking Price: | $699,000 | |
| Annual Revenue: | $1,500,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $450,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | $850,000 | |
| Year Established: | 2004 | |
| Employees: | 14 | |
| BBN Listing #: | 613449666 | |
| Broker Reference #: | 22592 |
Business Overview:
Established Honduran Restaurant
This is a well-established and well-run Honduran Restaurant that is located in a busy part of Hempstead, NY. The restaurant has been in business for 18 years and has a regular clientele.
Long Lease And Favorable Terms.
The restaurant has a long lease, with favorable terms. It has a seating capacity of 87 and a full liquor license. Currently, the restaurant is run by the owner-operator and total revenue exceeded $1.5 million with a net of over $450K.
Expansion Opportunities.
They are open 7 days a week for only 10 hours a day and have had success with a simplified menu. Over 40 percent of their business is 'To Go', so there is unlimited upside potential for expansion. Also included is a full prep kitchen in the basement.
Possible Owner Financing.
There is the possibility of owner financing for qualified buyers.
Reason For Sale.
The owner is ready to retire.
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Property Features and Assets:
The restaurant has a long lease, with favorable terms. It has a seating capacity of 87 and a full liquor license. Currently, the restaurant is run by the owner-operator and total revenue exceeded $1.5 million with a net of over $450K. Full Liquor Monthly Rent:$7,500 Lease Ends:2034-01-02 Area:2,262 sq/ft Building Type:Attached With Parking Terms and Options:3%
Market Competition and Expansion:
They are open 7 days a week for only 10 hours a day and have had success with a simplified menu. Over 40 percent of their business is 'To Go', so there is unlimited upside potential for expansion. Also included is a full prep kitchen in the basement.
Reason for Selling:
Retiring.
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:
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