Established Restaurant w/Property

Business Summary:
For over 10 years this restaurant has been providing a superior restaurant experience to a legion of established loyal clients. Whether just dining in, having some food at the bar or hosting a party or corporate event, this restaurant is known for the quality of their food and excellent service. Located in the heart of a growing Suffolk county town this is the GO TO spot in the neighborhood. The business opportunity is to BECOME THE LANDLORD and acquire both the restaurant as well as the property. As a restaurant owner that owns their own property you no longer have to worry about rent increases, restrictive landlords or spending money to improve someone else’s premises, you will be improving your OWN building. There is plenty of seating and parking as well as a very ample kitchen and storage area to accommodate the current business as well as future growth. There is also a full staff including head chef, line chef’s, prep people, wait staff and managers. A new owner can choose to take as active a role as they like in the running of the restaurant. The current owner will stay on as long as necessary to teach and train the new owner to insure a smooth transition. The restaurant does over $1.6 Million in revenue and generates approximately $300,000 in Owner’s Adjusted Earnings; plenty of revenue to service a debt/mortgage. At $1.9 Million for both the business AND the property this package is priced aggressively in order to make it attractive to lenders. Please refer to listing number 12771 when inquiring about this opportunity.