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High End Restaurant In Suffolk County For Sale

New York, US
Asking Price:
$295,000
Sales Revenue:
$1,300,000
Cash Flow:
$190,000

Highly regarded restaurant. Major price reduction!

This landmark restaurant has been serving up high-quality food and drink since 2014. 2023 gross sales were $1,300,000, with an owner's cash flow of approximately
$190,000.00. This is a fully equipped space with 80 seats indoors as well as seating for over 100 outside.

They have 5 years left on the current lease at a total rent of $5,500 (incl. tax and CAM). A qualified tenant will have the ability to extend the lease.

The current owners are looking to retire after a great run.

The owner is willing to stay on for a training and transition period. We are seeking a serious and financially qualified buyer with at least $295K in liquid funds.

All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Business Operation

Reasons for selling:

Retirement

Employees:
1 FT/22 PT
Years established:
7

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$250,000