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Businesses For Sale   >>   Nassau Businesses For Sale   

Long Established Restaurant For Sale

Location  Nassau County, New York, United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1500000
Net Profit / Cash Flow  $257000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1969
Number of Employees  6 - 9
Inventory  5000
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Training  Seller will provide training.
Reason for Sale  Personal.

Description  
Nassau County Zagat rated business is in a great location and is well-established and has been owned for over 30 years by seller. The restaurant has a bar and a separate banquet room of over 12,000 square feet plus 6,000 square feet basement with walk-ins, an office, boiler storage room and stock rooms. Upper level banquet room with bridal suite and beautiful mahogany bar can cater parties up to 250 people! It also includes private parking lot for 200 cars. This business also installed a convenient guest elevator at a cost of $125,000. This listing includes 5 rest rooms, large prep areas and a tremendous kitchen. It comes with a 12 year lease with a possible five or ten year option. Its a true solid investment numbers posted are from its worst year - this restaurant has done as high as 3.4 million. Seller will stay on a few days per week if needed. They offer an American and German menu plus a bar with a lunch and dinner menu in and multiple seating areas for dining. Low food cost with 1/3 liquor sales at 17% cost very profitable. Includes full laundry room. This is one of my top listing's this year! Contact business broker JIM ALOI for more details proof of funds a must sincere replies only! Suitable for night club catering hall or keep as is a successful restaurant must see! Seats 500.


Click Here To Contact Seller


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