Financing: $100,000.00 Down and $149K over 3 yrs. @ 10%
Reason for Selling:Deciding Not to Renovate the current location.
***RARE OPPORTUNITY - VESTED EXCLUSIVE LISTING*** CURRENTLY CLOSED. This is a 150 Seat Restaurant that had been established and operated for the past 17 years by the same family. They recently closed for renovation and have since decided to sell instead. You are buying a 19 year lease for a 6,500 sq. foot, stand alone, bar and restaurant right off a major parkway. It is triple Net lease with a base rent of only $7,000 per month ($12,000 with taxes and maintenance) A location. It has parking for over 120 cars. It has a semi private room along with general dining and 20 seat bar. This is ideal for a serious restaurant looking to expand. The decor can be updated for a minimal expense or completely over-hauled, depending on your vision. The kitchen is a full restaurant kitchen that is totally up-to-date and needs no renovation. Great for Italian Restaurant, Steak House, Chinese, Mexican, or Ale House. (PLEASE NOTE: Seller has approved plans in place with stamped permits for Ale House with 30 tap beers. Plans cost $25,000. Seller will include plans as part of the deal. Renovation will cost under $200k). Possible outdoor seating. MUST SEE! WON'T LAST.......LOCATION LOCATION LOCATION...TOO MUCH TO LIST.... Call or email Mel Vaz immediately at 631-909-1095 or mvaz@vestedbb.com!!
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
