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BUSINESSES FOR SALE

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Businesses For Sale   >>   New York Businesses For Sale Categories   >>   

Long Established Restaurant

Location  New York,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $2040000
Net Profit / Cash Flow  $451500
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1975
Number of Employees  1 - 3
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Leased
Training  Seller Will train
Reason for Sale  Personal
Description  This Nassau County Zagat rated business is in a great location and is well established and has been owned for over 30 years by seller. The restaurant has a bar and a separate banquet room of over 12000 square feet plus 6000 ft basement with walk ins, an office, boiler storage room and stock rooms. Upper level banquet room with bridal suite and beautiful mahogany bar can cater parties up to 250 people! It also includes private parking lot for 200 cars. This business also installed a convenient guest elevator at a cost of $125,000. This listing includes 5 Restrooms, large prep areas and a tremendous kitchen. It comes with a 12 year lease with a possible five or ten year option. It%u2019s a true solid investment numbers posted are from its worst year - this restaurant has done as high as 3.4 million. Seller will stay on a few days per week if needed. They offer an American and German menu plus a bar with a lunch and dinner menu in and multiple seating areas for dining. Low food cost with 1/3 liquor sales at 17% cost very profitable. Includes full laundry room. This is one of my top listing's this year! Contact business broker JIM ALOI for more details proof of funds a must sincere replies only!
Click Here To Contact Seller

    

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