Established Restaurant with Property For Sale

Not Disclosed, NY
Suffolk County

Long Island

Asking Price: Annual Revenue:
$1,699,000 $1,700,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Established Restaurant with Property For Sale Broker: Ken Stein

Quick Facts

Asking Price: $1,699,000
Annual Revenue: $1,700,000
Net Profit: Not Disclosed
Cash Flow: $260,000
Total Debt: Not Disclosed
FF&E: $500,000
Real Estate: $1,500,000
Year Established: 2006
Employees: 25
BBN Listing #: 65424701
Broker Reference #: 13530

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Business Overview:

Price Reduced – Must Sell! Located in the heart of a growing Suffolk county town this is the GO TO spot in the neighborhood for 11 years. The business opportunity is to BECOME THE LANDLORD and acquire both the restaurant as well as the property. As a restaurant owner that owns their own property you no longer must worry about rent increases, restrictive landlords or spending money to improve someone else’s premises, you will be improving your OWN building. There is plenty of seating and parking as well as a very ample kitchen and storage area to accommodate the current business as well as future growth. There is a great layout including full bar plus separate seating areas to accommodate private parties and total seating of 140. There is also a full staff including head chef, line chef’s, prep people, wait staff and managers. A new owner can choose to take as active a role as they like in the running of the restaurant. The current owner will stay on as necessary to teach and train the new owner and insure a smooth transition. The restaurant does approximately $1.7 Million in Revenue and generates approximately $260,000 in Earnings; plenty of revenue to service a debt/mortgage. At the new lower price of $1,699,000 for BOTH the business AND the property this package is priced aggressively and very attractive to lenders (fits within SBA lending guidelines). Please refer to listing number 13530 when inquiring about this opportunity.

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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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