Kyle Griffith
Business Brokerage, Businesses For Sale, Featured Business For Sale, Features

Quality Restaurant in Suffolk For Sale

January 21, 2010 by Kyle Griffith · Comments 

Newly renovated 3400 sq. ft full service restaurant with 2 dining rooms and separate large bar area.Located in heavy traffic area with excellent parking. Only restaurant in town to offer on premise catering for parties from 15 to120 in size. Long term lease in place.

Asking price: $425,000 (Furniture / Fixtures included)
Sales revenue:$900,000
Cash flow:$165,000
Years established:1969
Employees:14

Asking price:$425,000 (Furniture / Fixtures included)Sales revenue:$900,000Cash flow:$165,000Years established:1969Employees:14

Facilities: Large kitchen with 10 burner stove 2 ovens 2 fryers 3 ft charbroiler 2 walkins new ice machine, New AC/ Heat units, new roof, and top quality tables and chairs.

Competition: Limited competition in local area.

Growth/Expansion: Business has continued to grow even in the difficult economy. Excellent long term lease, well established on and off premises catering.

Financing: Seller will finance up to 275,000

Support/Training: Will provide ample training of at least 3 months

Reason Selling: Partners Illness

Contact:

NEW YORK BUSINESS BROKERAGE INC.

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Kyle Griffith