Beautiful Greek Restaurant for Sale - 36714
Business Type: bar/tavern/night clubs,other eating & drinking places,other food stores,owner financing available,restaurant/ cafes/ diners
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $375,000 | Down Payment | $200,000 |
| Gross Revenues | $1,250,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $150,000 | Number of FT Employees | Register Free to View |
Financing
$200,000 Down and 175,000 for 5 years @ 8%
Business Description
This beautiful Greek restaurant is located in a bustling shopping center in charming Suffolk County, offering a prime opportunity for growth.
With a 65-seat indoor dining area, a spacious outdoor patio with 40 additional seats, and a fully equipped bar, it is well-positioned for success.
The location sees high foot traffic, and there is ample potential to expand the menu and business.
The restaurant benefits from an 11-year lease with a fantastic landlord and below-market rent of $4,500 per month.
Additionally, qualified buyers may be eligible for a $100K town grant for sewer upgrades and improvements.
With strong seasonal appeal and room to grow, this is an excellent opportunity.
The seller is not present full-time. For serious inquiries, contact broker Jim Aloi at (631) 375-4100.
In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.
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 at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
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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