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Restaurant And Property For Sale
Location New York,United States
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2002
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Yes.
Reason for Sale Personal.
Description Currently operating bar/restaurant and property for sale for $750,000 (business is $99,000, business and building together are $750,000). Building is being sold through pmtg realty. This is a very unique deal. You will be dealing directly with the landlord to purchase a 3,000 sq. ft. Building with its own parking lot (plus municipal parking across the street), full restaurant kitchen and basement. It is a corner location on a main street on the south shore of Suffolk county. Property taxes are $12,174. There is a currently operating bar/restaurant in the space, but the tenants lease has run out and they cannot afford to buy the building. The landlord has been gracious in offering them a month to month lease until a suitable buyer comes along. This is a very rare opportunity to buy a building with a profitable, operating business inside. The business and building are $750,000. You can take over the bar/restaurant and continue to operate or change the concept. The landlord is flexible on the purpose provided it is legal and reasonable. The landlord is also willing to hold a mortgage for any buyer with good credit and 30% down provided that the business is no longer used as a bar. All buyers must be prepared to show proof of funds for at least $200,000 and their credit report. Email or call Mel Vaz at 631-909-1095 for more information on this restaurant and property for sale.
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