Restaurant in Suffolk County, NY - 30092

Not Disclosed, NY
Suffolk County


Asking Price: Annual Revenue:
$425,000 $1,290,323

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant in Suffolk County, NY - 30092 Broker: Melvin Vaz
Owner Financing is Available!
$250,000.00 Down & $175,000 over 5 years @ 6%.

Quick Facts

Asking Price: $425,000
Annual Revenue: $1,290,323
Net Profit: Not Disclosed
Cash Flow: $260,673
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 20
BBN Listing #: 8694447
Broker Reference #: 30092

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Business Overview:

Gorgeous fine dining restaurant for sale. *MAJOR PRICE REDUCTION* This location is just minutes from the LIE. It is beautifully-appointed with a 38 feet bar, with seating for 25. There are 130 seats, with a legal occupancy of 168. The space is setup with two separate dining areas- one with seating for 75, the other with seating for 55. Most days, they can offer regular dining and private parties at the same time. They also offer live music and a dance floor. Sales have increased every year for the past 15 years! In the most recent year, gross sales were approx. $1,400,000.00, with a net cash flow of approximately $260,000.00. The seller keeps excellent financial records. There is parking for over 35 cars. The owner is selling to retire. We are seeking a serious and financially-qualified buyer with at least $250,000 in liquid funds. To learn more, please contact Mel Vaz. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is not 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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