Huntington Restaurant Jericho Tpke NET $175K Yr Open only 5Hrs a day
Business Description
Amazing value add opportunity!!! This 35 year old established Middle Eastern restaurant located on Jericho Tpke in Huntington NY is for sale for the first time ever. For the past 35 years, this restaurant serves all of Long Island and the surrounding towns just dinner. You read that right, they are only open for dinner only from 5pm to 9pm everyday. A new owner can add lunch hours, deliveries, catering, ghost kitchens, etc. The kitchen is very well maintained and in good condition. There is a very favorable lease in place for 13 years plus a 10 year option! That is a 23 year lease with $100 annual increases. The current rent is $4500 a month inclusive of rent, real estate taxes, CAM, and water. You can also convert this amazing 50 seat restaurant in any type of cuisine you like, or add more to there current menu. There is also a Wine and Beer license in place. The 4 person kitchen staff is very experienced and willing to staff on board. Located in a large Shopping Center with lots of parking and high end co-tenants. Do not miss this amazing value add opportunity.
About the Business
- Years in Operation
- 34
- Employees
- 6
- Facilities & Assets
- 50 seat restaurant with Wine and Beer license. Full kitchen with 14 foot long hood system exhaust. Total space is 1800 sqft plus outdoor storage behind the restaurant. Located in Busy Shopping Center with Lots of Parking and High End Co-Tenants.
- Market Outlook / Competition
- Convert this Restaurant into any type of Cuisine or Food type. Kitchen is very good condition with walk-in box and freezers, refrigerated work stations, 15 foot long exhaust hood, and so much more.
- Opportunities for Growth
- Only open for Dinner. Add Lunch menu. This establishment is surrounded by offices, medical centers, commercial businesses, lots of houses, and is located on a very busy throughway of Suffolk County.
About the Sale
- Seller Motivation
- Sellers would like to retire.
- Transition Support
- Seller will stay with new owner for 2-3 weeks after closing for training.
Listing Info
- ID
- 2358352
- Listing Views
- 684
Listing ID: 2358352 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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