Restaurant for sale w/Property & Development Opportunity

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Asking Price:
$1,250,000

Gross Revenue:
$1,000,000
Cash Flow:
$300,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$250,000
included in asking price

Real Estate:
$1,250,000
included in asking price

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Business Description

This family run 3,500 sf restaurant has been a fixture in this "North Shore" community for decades. Known for delicious comfort food at reasonable prices, this neighborhood favorite has flourished. With sales over $1.m and growing every year. It is the only full service restaurant in the area. Well maintained property and equipment. Fully equipped kitchen and bar. Staff that is willing to remain. This operation is ready for some new energy and ideas. Restaurant building sits on one lot, with occupied apartments above space with two additional adjacent lots for potential expansion and/or development. The potential for this property are endless. Property Taxes $17,000 Don't miss out on this one. Seller financing available to qualified buyers.

About the Business

Location:
Suffolk County, New York
Year Established:
1998
Number of Employees:
25
Real Estate:
Owned
Building Sq. Ft.:
3,500
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About the Sale

Reason For Selling:
retirement
Training/Support:
yes
Seller Financing:
yes

Listing Info

ID:
1569373
Ad Detail Views:
99

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$
months
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Business Listed by

Darlene Ragone

Moxie Brokerage Group, Inc.

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