Restaurant/Cafes Business for Broker in Nassau County, New York

Business:Restaurant/Cafes Business for Broker
County, State: Nassau County, New York
Business Type: Restaurant/Cafes, Other Eating & Drinking Places

Summary Description

NASSAU COUNTY FAMILY STYLE RESTAURANT LOCATED IN BEAUTIFUL COMMUNITY IN UPSCALE AREA. ESTABLISHED FOR 25 YEARS. SERVING LUNCH AND DINNER , SEAFOOD, ITALIAN FOOD AND STEAKS. 2800 SQ FT RESTAURANT PLUS PARKING, PROPERTY INCLUDED WITH 4 SLIPS. THIS RESTAURANT HAS FULL LIQUOR LICENSE AND OFFERS SOME ENTERTAINMENT THURSDAYS AND SUNDAYS. PROPERTY TAX IS $25,000 PER YEAR. HAS ADDITIONAL OUTDOOR SEATING FOR 80 PEOPLE.PLUS FULL OUT DOOR SECOND BAR. BEATIFUL WATER VIEWS.THIS OWNER WILL ACCEPT GOING TO CONTRACT NOW AND CLOSING IN 3 TO 6 MONTHS IF DESIRED. CALL BROKER FOR DETAILS.

About the Sale

Asking price: $1,200,000 (USD)

Financing:$900,000 down and $300,000 AT 7% FOR 60 MONTHS

Total Revenues:$1,320,000 (USD)

Cash Flow:$256,280 (USD)

Reason Selling:OTHER INTRESTS

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.