American Restaurant / Diner – Bank Financing in place

Price: $1,040,000

Location: Long Island ,NY

Industry: Food and Restaurants

Listing ID: 10252019

Available for sale at additional price - Great Location

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. The building is available for sale .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.

Business was seriously effected due to Covid-19, sales are climbing back slowly!

Gross Revenue: $2,600,000

Cash Flow: $520,000

Seller Financing: Yes

FFE: $300,000 (Included in price)

Inventory: $40,000 (Included in price)

Real Estate $7,000,000

Terms & Conditions:

Negotiable/Favorable

Reason for Sale:

Retirement after 50 years.

Training & Support:

Seller will train.

Year Established: 1970

Days & Hours of Operation: 7 days.

Owner Hours Per Week: 40

Employees: 47

Managers: 3

Security on Lease: 100000

Monthly Rent: 31000

Type of Location: stand alone building with parking.

Square Footage: 6000

Facilities Information:

Full Line Kitchen
Baking Area
55 Car Parking
160 Seats
Basement
Full Liquor License
A/C upgrades