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Historic Bistro W Two Bdrm Apt Suffolk County For Sale

Suffolk County, New York, US
Asking Price:
$650,000 (USD)
Sales Revenue:
$1,200,000 (USD)
Cash Flow:
$500,000 (USD)

Historic east end bistro w/ 2 bdrm apt. Full bar and full liquor license. The likes of albert einstein used to dine here back in the day. Today it is a favorite of locals and summer visitors. Don't let the "historic" fool you. The owner/operator has painstakingly restored the dining room to its original luster. The kitchen is fully modernized with an exterior (covered and enclosed) walk-in refrigerator and dry storage area. With inside seating for 63, an additional 7 at the bar, and 20 outside, it is perfect for a casual family dining experience. They are open for lunch and dinner only 6 days per week. In the past year the business grossed approx. $700,000.00 with a net income of approx. $185,000.00. The location has 10 years left on the current lease at a rent of $5,303/mth. That rent includes a 2 bedroom apartment that can be used for the new owner, the staff, or sub-leased for rental income. We are looking for a serious and financially qualified buyer with restaurant experience and at least $449k in liquid funds. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be made by appointment only! Please call mel vaz for more information on this business.

If interested, please contact the seller through the form on this page.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-32414 for instant access to this business information.

Business Operation

Reasons for selling:

Divesting

Employees:
5FT/4PT
Years established:
2010

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

500,000.00 Down & $150K over 4 years at 6%

Furniture / Fixtures value:
$100,000 (USD)
Inventory / Stock value:
$7,000 (USD)

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