Established Restaurant with Property Suffolk County

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Price Reduced – Must Sell!
Asking Price:
$1,699,000

Gross Revenue:
$1,700,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$500,000
included in asking price

Real Estate:
$1,500,000
included in asking price

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Business Description

Price Reduced - Must Sell! Located in the heart of a growing Suffolk county town this is the GO TO spot in the neighborhood for 11 years. The business opportunity is to BECOME THE LANDLORD and acquire both the restaurant as well as the property. As a restaurant owner that owns their own property you no longer must worry about rent increases, restrictive landlords or spending money to improve someone else’s premises, you will be improving your OWN building. There is plenty of seating and parking as well as a very ample kitchen and storage area to accommodate the current business as well as future growth. There is a great layout including full bar plus separate seating areas to accommodate private parties and total seating of 140. There is also a full staff including head chef, line chef’s, prep people, wait staff and managers. A new owner can choose to take as active a role as they like in the running of the restaurant. The current owner will stay on as necessary to teach and train the new owner and insure a smooth transition. The restaurant does approximately $1.7 Million in Revenue and generates approximately $260,000 in Earnings; plenty of revenue to service a debt/mortgage. At the new lower price of $1,699,000 for BOTH the business AND the property this package is priced aggressively and very attractive to lenders (fits within SBA lending guidelines). Please refer to listing number 13530 when inquiring about this opportunity.

About the Business

Number of Employees:
25
Real Estate:
Owned
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About the Sale

Training/Support:
Yes

Listing Info

ID:
1559411
Ad Detail Views:
186

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Business Listed by

Ken Stein

The Kensington Company

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U.S. Census Data for Suffolk County, NY
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Suffolk County, NY
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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