Established Restaurant For Sale with Property in Suffolk County
Price Drop – Motivated Seller!!
This restaurant property and building are located in the heart of a growing Suffolk county town. This has been the GO TO spot in the neighborhood for 11 years.
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 property, you no longer need 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. The restaurant has a great layout including a full bar plus separate seating areas to accommodate private parties. Total seating is for 140 guests.
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 necessary to teach and train the new owner and insure a smooth transition.
The restaurant does approximately $1.7 Million in Revenue and generates approximately $260,000 in Earnings; plenty of revenue to service a debt/mortgage. At the new lower price of $1,699,000 for BOTH the business AND the property this package is priced aggressively and very attractive to lenders (fits within SBA lending guidelines).
Please refer to listing number 13530 when inquiring about this opportunity.