Nassau Restaurant/ Low Rent / 6 Days

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Rent is Only 6% of Sales with a 15 Year Lease
Asking Price:
$700,000

Gross Revenue:
$1,800,000
Cash Flow:
$250,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$1,000,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

The seller has just announced the sale of an amazing NICHE restaurant. This bar/restaurant has a gorgeous huge bar and the whole place has seating for over 75 seats. Seller has other restaurants in the city and needs to sell and get pack to the city. This was built 3 years ago and cost $1 Million. The concept is unique and that is why this place ROCKS!! Too many great things to list but here are some- full basement, Rent is only 6% of sales with a 15 year lease in one of the great Nassau County walking towns, liquor sales are 30% and I can go on and on…
Staff in place and ready to be taken over without changing or missing a beat. Doing a solid $35,000 per week allows the seller to take home a strong $250,000 per year. If this is not enough, how about this- ONLY OPEN 6 NIGHTS WEEK FROM 5PM-10PM. This is truly amazing to have quality of life in the restaurant business being open ONLY 30 hours per week. Has potential to do much more with extending the hours for lunch and much more…. Unique with all its bourbons & whiskey selection.
Please refer to listing number 13897 when inquiring about the restaurant.

About the Business

Location:
Nassau County, New York
Number of Employees:
17
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About the Sale

Training/Support:
Yes

Listing Info

ID:
1670403
Ad Detail Views:
0

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Business Listed by

Ken Stein

The Kensington Company

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