Restaurant with Pre-Approved SBA Loan - Only $300,000 Down

Long Island, New York

Business Summary: An Iconic Long Island Restaurant is for sale with Revenue of $3.5 Million and a Pre-Approved SBA Loan with only $300,000 down payment. A new owner will earn $375,000 after debt service and will see ROI in LESS THAN 1 YEAR. This restaurant is highly profitable for they have very low overhead as their rent is ONLY 3% of sales. They have a Long Term Lease of 15 years and have been a Landmark in their community for a long time. In addition to their busy restaurant their full liquor bar is routinely packed with customers at this award winning restaurant. If you have been looking for an establishment with SBA Approval, a Priceless Reputation, Rent of only 3% of Sales, Revenue of $3.3M, Earning $500,000 and is PRICED REASONABLY please call and refer to listing number 13053.