Seller's Contact Information
- RE: Nassau County Seaside Restaurant/ AAA Location
- Contact: Ken Stein
Quick Facts
| Asking Price: | $350,000 | |
| Annual Revenue: | $750,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $125,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $500,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 8 | |
| BBN Listing #: | 25334701 | |
| Broker Reference #: | 14238 |
Business Overview:
This busy little Restaurant with full liquor license has a AAA location where all the action is. This UNIQUE busy Restaurant is a very RARE find on Long Island with systems in place and set up like a franchise without paying royalties. The business has highly visible location on a main street with ample parking. The restaurant has solid $15,000 in weekly sales with rent of only $3,200 monthly! Tons of character with seating inside and outside. This business cannot be duplicated for the selling price of $350,000. The Owner is NOT in the restaurant business and has payroll upwards of 40% which is way too high and should be normalized at 30%. With some adjustments, an owner/operator can earn $125,000. ‘TIS THE SEASON TO MAKE A DEAL! Waterfront community is at its highest peak. Get in now. This is a young business and numbers continue to go NORTH. Please refer to listing #14238 when inquiring about this opportunity.
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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
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