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Restaurant Diner

Price: $2,500,000

Location: Suffolk County, New York

Industry: Food and Restaurants

Listing ID: 00153

Extremely successful Restaurant serving loyal patrons for over 50 years. This is a rare find, owner retiring, ideal location on main road accessible by all major highways. Seats 150 people with 50 parking spaces. They use valet parking due to packed crowd, fast and professional service turns over tables quickly. Buyer could easily scale business by extending hours of operation. State of the art kitchen facilities and equipment, was updated recently including new air conditioning units. Very little competition around serving huge menu selections at very affordable prices with consistent clientele. This gem is a Turn key operation for buyer looking for steady business and room to grow.

Listing Details

Gross Revenue: $3,700,000

Cash Flow: $650,000

FFE: $300,000 (Included in Price)

Inventory: $40,000 (Included in Price)

Reason For Sale:

Retirement

Operation

Year Established: 1970

Days & Hours of Operation: 7 days 7AM-12AM

Employees: 47

Managers: 3

Absentee Owner?: Yes

Location

Lease Option: 28 years

Monthly Rent: $ 35,000

Square Footage: 5000

Facilities Information:

Has a full liquor license.

Non Owner Payroll: $19,000 per week