Restaurant Business for Broker in Suffolk County, New York

Business:Restaurant Business for Broker
County, State: Suffolk County, New York
Business Type: Restaurant/Cafes, Bar/Tavern/Night Clubs, Other Eating & Drinking Places

Summary Description

"Long Island's brand new "Old World" steakhouse. Value driven American steakhouse; prime steaks, select seafood, classy and comfortable atmosphere. Beautifully decorated in the style of 18th century Americana, unique decor and accents, fireplace, etc. 110 seats, plus bar area, unlimited parking, spacious kitchen, turnkey operation. Excellent demographics, no local competition, great reputation for quality-value- service. Growth opportunities with catering and bar business. This restaurant was remodeled and opened as a steakhouse in the 2nd half of 2004. The financials associated with this listing are annualized.

About the Sale

Asking price: $640,000 (USD)

Financing:N/A

Total Revenues:$1,179,000 (USD)

Cash Flow:$261,910 (USD)

Reason Selling:other business interests

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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.