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Restaurant And Bar In Suffolk County For Sale

Suffolk County, New York, US
Asking Price:
$250,000 (USD)
Sales Revenue:
$1,000,000 (USD)
Cash Flow:
$250,000 (USD)

Long-established East End high-end restaurant for sale. Very high-end expensive wine list. Wines range from $40 to $1000 per bottle. Half of the sales are wine and liquor- very profitable! Please Note: The present owner does a lot of the cooking and bartending himself. A new buyer may see less net income if they add staff. Present owner nets over $250k. Owner wants wants to retire. He currently travels 4 hours per day to get to and from the restaurant. 7 year lease in place with possible option. The landlord requires 2-year personal guarantee on lease. In addition to the $150,000 down, a buyer will need about $100k to stock the same amount of wine as the current owner. This rustic 60-year-old restaurant is known for its burgers, dumplings, fish, steaks and wines. Niche money maker. Full basement included. Seller will train for 30 days or longer for a salary. Restaurant and bar seats about 90. ANY BUYER NEEDS AT LEAST $300k in liquid cash. This is a year-round business (In January & February, seller only opens 5 days per week). Please call for further information and to speak to the broker.

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Business Operation

Reasons for selling:

Other Interest

Employees:
10FT/1PT

Other Information

Support & training:

Seller will train

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

150,000.00 Down & $100,000 for 5 years @ 6%

Furniture / Fixtures value:
$150,000 (USD)
Inventory / Stock value:
$110,000 (USD)

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