Fantastic Restaurant with Long Term Lease - 32346

Not Disclosed, NY
Suffolk County

Asking Price: Annual Revenue:
$249,000 $928,450

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Fantastic Restaurant with Long Term Lease - 32346 Broker: Nathan Goldstein
Owner Financing is Available!
$149,000.00 Down & $100,000 over 4 years @ 6%

Quick Facts

Asking Price: $249,000
Annual Revenue: $928,450
Net Profit: Not Disclosed
Cash Flow: $113,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: 28
BBN Listing #: 92504447
Broker Reference #: 32346

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Business Overview:

Fantastic Restaurant with Long Term Lease. This is a 2,420 square feet Corner Restaurant in a Hot South Shore area. In fact, this is currently the hottest area of growth on the South Shore of Suffolk County. This is the only restaurant of this size, with it's own 80-space parking lot in the area. All other places have metered lots or metered street parking. They specialize in breakfast and lunch. This place offers 90 seats in the dining room, with a full restaurant kitchen. In the past year, the business grossed approximately $928,450.00, with a net cash flow of approximately $113,000.00 (for an owner/manager). THESE ARE VERIFIABLE FIGURES! This is a unique situation. The current owner is the landlord, and he has many other projects going on. He is open to selling the business "as is", or, if an experienced restaurateur were to propose a viable new concept, he would be willing to take a lower price. Ideally, he is seeking a good tenant who would improve his building. At the very least, he will offer a 10 year lease, but A 20 YEAR LEASE IS POSSIBLE. We are seeking a serious and financially-qualified buyer with at least $160,000 in liquid funds to cover the downpayment and rent security. To learn more, please contact Mel Vaz or email us. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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Reason for Selling:

Other businesses.

Additional Details:

  • The property is owned.
  • 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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