Business For Sale

Seafood Restaurant - 25646

Suffolk County, NY
Suffolk County


Asking Price: Annual Revenue:
$550,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots


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RE: Seafood Restaurant - 25646 Broker: Jim Aloi

Quick Facts

Asking Price: $550,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $500,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 83474447
Broker Reference #: 25646

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Business Overview:

Very high end, custom built, 200 seat, state of the art Restaurant & Bar. It has 2 floors with 3,600 square feet on each floor. This build out with real estate and equipment cost seller almost six million dollars. This place offers bally walk-in boxes, a break room, separate employee restrooms, a state of the art all legal lower level board of health approved prep area, high output energy rated ac/heat, and just way to much to list- including legal septic for 200 seat restaurant. Additional real estate also available for more parking if desired. Broker Jim states this is one of his nicest restaurants ever listed. Seller may consider sharing branded name from other locations or consider a partnership with qualified buyer. This business is open but due to unfortunate circumstances numbers are not great. This is a super location for dinner, a catering hall, a steak house, a seafood restaurant, an Italian restaurant, a rib restaurant, or any other major food chain. This is a must see with high traffic and super visibility. Please provide proof of funds. $550,000 FOR KEY, rent triple net will be about $20,000 with 20 year lease. Real estate is also available through PMTG REALTY For a additional $3.6. Seller states recent appraisal is over four million dollars. This is an open-minded seller, bring your ideas. Real estate taxes about $47,000 but seller states were not grieved listing 24527.

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Reason for Selling:

Personal

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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