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High End Restaurant In Suffolk County For Sale

Suffolk County, New York, US
Asking Price:
$295,000
Sales Revenue:
$1,013,000
Cash Flow:
$175,950

Highly Regarded Restaurant. Major Price Reduction! This landmark restaurant has been serving up high quality food and drink since 2014. Most 2,500 sq. ft. restaurants were severely affected by the pandemic, but this spot actually did better in 2020 and they are on track to do so again in 2021. 2020 gross sales were $1,013,000 with an owner's cash flow of approx. $175,950.00. This is a fully equipped space with 80 seats indoors as well as seating for over 100 outside. They have 8 years left on the current lease at a total rent of $5,397 (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. They are 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!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us to discover the difference that is Vested Business Brokers.

Business Operation

Reasons for selling:

Retirement

Employees:
1FT/22PT
Years established:
2015

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

295,000.00 Down & Possible.

Furniture / Fixtures value:
$250,000

Contact Vested Business Brokers HQ

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