Prime Contemporary American Restaurant and Lounge

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Asking Price:
$1,075,000

Gross Revenue:
$2,500,000
Cash Flow:
$350,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$150,000
included in asking price

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Business Description

New to Market! Rare opportunity to take over a Turn-Key Prime 3,600 sf restaurant serving contemporary American cuisine. 100% updated and modern space with high end finishes and decor. Indoor/Outdoor seating in AAA location in downtown village. 115 seats inside, 40 outside on fully updated patio garden. Tremendous amounts of storage space and ample parking. Kitchen facilities, grease trap and other equipment modern and new. Additional adjacent space for party room or wine bar also available. Currently grosses over $2.5 m. with only Dinner sales. Can add lunch and brunch for additional income.Current mailing list over 20,000 clients. Huge following and well-known. Tremendous staff with 2 managers. Key employees willing to stay on. This is a MUST SEE and WILL NOT LAST. 20 year lease and favorable terms. Verifiable Financials. POF and NDA Required. Contact Darlene Ragone for Additional details. 888-869-6069, Ext. 103

About the Business

Location:
Suffolk County, New York
Year Established:
2013
Number of Employees:
20
Real Estate:
Leased
Building Sq. Ft.:
3,800
Rent:
$10,000.00 Per Month
Lease Expiration:
3/1/2039
Growth & Expansion:
add lunch and brunch. Gross sales only represent dinner hours
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About the Sale

Reason For Selling:
other business interest
Training/Support:
yes
Seller Financing:
possible seller financing for qualified buyers

Listing Info

ID:
1633991
Ad Detail Views:
0

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Business Listed by

Darlene Ragone

Moxie Brokerage Group, Inc.

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