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High End Restaurant

Suffolk County, New York

Asking Price: Gross: Cash Flow:
$295,000 $1,300,000 $190,000

Furniture and Fixtures Value:
$250,000 ( not included in the asking price)

Business Summary:
LISTING ID # 34060Highly Regarded Restaurant. Major Price Reduction! This landmark restaurant has been serving up high quality food and drink since 2014. 2023 gross sales were $1,300,000 with an owner's cash flow of approx. $190,000.00. This is a fully equipped space with 80 seats indoors as well as seating for over 100 outside. They have 5 years left on the current lease at a total rent of $5,500 (incl. tax and CAM). A qualified tenant will have the ability to extend the lease. The current owners are looking to retire after a great run. Owner is willing to stay on for a training and transition period. We are seeking a serious and financially qualified buyer with at least $295K in liquid funds. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only! For more information on this listing, please call, email or text Mel Vaz at (631) 767 0157 or [email protected] addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-34060 for instant access to this business information.

 
   
   
Year Business was Established: 2017
   
Number of Employees: 1 FT/22 PT  
   
Owner willing to finance: No  
   
Owner willing to train: Seller will train  
   
Reason for selling: Retirement  
 

 

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