Spacious Restaurant for sale in Prime Location- Na - 34002 Business Type: bar/tavern/night clubs,misc. retail/non-classifiable,other eating & drinking places,other food stores,owner financing available,restaurant/ cafes/ diners
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $299,999 | Down Payment | $149,999 |
| Gross Revenues | $1,300,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $234,000 | Number of FT Employees | Register Free to View |
Financing
$149,999 Down and $150,000 over terms TBD provided the buyer is well-qualified and will sign a PG.
Business Description
Stand Alone 4,000 sf Restaurant in an affluent area of N. Shore Nassau County. Price Reduced! This is a steal. The current owners have been here for 15 years and one has decided to move. As the recovery continues, this is the perfect time to lock in a great deal. Even in a pandemic year this business grossed approx. $1,300,000.00 with an owner’s cash flow of approx. $234,000.00. 2021 sales were even better. The business is in a prime location. It is a stand-alone building with a large parking lot, ideal for private events. They offer a full kitchen and full liquor license. There are 16 years left on the current lease with a rent of $13,800/mth. There are 12 employees on staff right now. We are seeking a serious and financially qualified buyer with at least $150k in liquid funds to cover the down payment. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!
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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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