Unique Restaurant in L.I. Wine Country

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ABSENTEE OWNERSHIP
Asking Price:
$279,000

Gross Revenue:
$1,130,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

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

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Business Description

SIGNED CONFIDENTIALITY AGREEMENT REQUIRED FOR EXACT ADDRESS

This ATTRACTIVE, Beautifully Landscaped Restaurant is located just East of Riverhead on the North Fork in L.I. Wine Country

The restaurant is approximately 2,500 sq. ft. plus an out-door patio dining area, a full bar, full liquor license, POS & Surveillance Systems and a full basement.
It seats approximately 72 inside and an additional 20 on the outside patio.

The Base Rent is $7,990 month plus tax, the landlord states will extend lease to equal a 10 years. (Note: There is a small apartment that can be leased additional to the rent for an owner, chef or manager)

It has an interesting Chef Created Menu that can please virtually anyone's palate. The restaurant has SHORT HOURS, Open 7-days a week from 5 PM -9 PM and 10 pm on Fri. & Sat.
Seller requires $60% down from an experienced buyer

**** OWNER ABSENTEE **** MUST SEE TO APPRECIATE ****

*** FOR MORE INFO, CALL: John Stefan of JS Business Brokers at 631-473-2973 ***

*** For the EXACT ADDRESS “download” our Confidentiality/Non-Disclosure Agreement & Register, SCROLL down to ATTACHED DOCUMENTS, click on Confidentiality Agreement

About the Business

Year Established:
2009
Number of Employees:
8 FT / 13 PT
Real Estate:
Leased
Building Sq. Ft.:
2,500
Lease Rate/Sq. Ft./Mo.:
$8,830.00
Growth & Expansion:
There is plenty of room for growth, this business is presently operated with ABSENTEE OWNERSHIP
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About the Sale

Training/Support:
Seller will assist with some training
Seller Financing:
Seller Financing with 60% down to an experienced buyer

Listing Info

ID:
1499679
Ad Detail Views:
1449

Attached Files Attachment Disclaimer

  Confidentiality Agreement (102 KB)
Download



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Business Listed by

John Stefan

JS Business Brokers

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