Buy a Formerly Upscale Steak House with Optional Property For Sale business for sale in Eastern Suffolk on BusinessesForSale.com

  • Advert ID: 651658
  • (Seller ref: 257)

Formerly Upscale Steak House with Optional Property For Sale


Location:
Category:
Asking price:
$219,000
Sales revenue:
$1m < 5m
Net profit:
Available on request
Business closed / Asset sale:
Yes
Years established:
2001


Formerly operated over four years as a upscale steak house restaurant for sale by Landlord. During the years of operation business generated gross sales between $1M to $1.5M per year. Tenant was evicted due to questionable activities. This is a turn key operation with equipment ages between 1 to 5 years old. Bargain opportunity for experienced person who knows how to run a restaurant business. Restaurant is an excellent condition. Main Dining room have a seating for 64 people. Private dining room siting additional 16 people.


Location:
Business located in north shore eastern Suffolk County and occupies 3122 sqf on the main level + 819 sqf second floor that is being used as an office and the storage room. Long lease will be available should the Buyer decide to lease the premises at starting rent of $7950 includes tax. Optional property .66 acres =24,000 sqf with the Building that was build in 2001 is also available for sale at $1.85M. RE taxes $19,578. Ample parking

Reasons for selling:
Tenant was evicted
Financing available:
Partial financing is a possibility negotiable
Furniture / Fixtures value:
$100,000

For more information about this business for sale, click the Contact Seller button.

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