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!
Listing Details
Gross Revenue: $2,600,000
Cash Flow: $520,000
FFE: $300,000 (Included in Price)
Inventory: $40,000 (Included in Price)
Real Estate: $7,000,000
Lender Pre-Qualified?: Yes
Terms and Conditions?:
Negotiable/Favorable
Reason For Sale:
Retirement after 50 years.
Training & Support:
Seller will train.
Operation
Year Established: 1970
Days & Hours of Operation: 7 days.
Owner Hours Per Week: 40
Employees: 47
Managers: 3
Location
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