Grill & Lounge in Nassau County NY-30775

Not Disclosed, NY
Nassau County

Asking Price: Annual Revenue:
$400,000 $650,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: Grill & Lounge in Nassau County NY-30775 Broker: Vested Corporate
Owner Financing is Available!
$300,000.00 Down & $100,000 at 5% over 36 months.

Quick Facts

Asking Price: $400,000
Annual Revenue: $650,000
Net Profit: Not Disclosed
Cash Flow: $175,000
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 7
BBN Listing #: 16164447
Broker Reference #: 30775

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Business Overview:

This is a great and beautiful Mexican Restaurant. Restaurant is located in a great part ofNassau County, Long Island. Restaurant has a beautiful dining room and bar section. It is 3,000 square feet, and rent is only $4,700 a month. The current lease has six years remaining, with a five-year option. Restaurant is grossing $650,000 a year. After all bills are paid, owner's cash flow is $175,000. Owner is asking for $400,000, with $300,000 down, and he will hold note of $100,000. He has four part-time employees and three full-time employees. This is one you must see. It isa great business!

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Reason for Selling:

Other 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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