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Businesses For Sale   >>   Flooring Businesses For Sale   

Continental Restaurant - North Shore Booming Area

Location  New York,United States
Asking Price Range  < $250K
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2010
Number of Employees  1 - 3
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Leased
Training  Seller will provide training
Reason for Sale  Personal

Description  
Continental Restaurant N. Shore Booming Area. The location is in a prime A Plus location on the affluent North Shore of Suffolk County. It was built from scratch and has an all new full kitchen, new HVAC, electrical, ceiling, flooring, virtually everything. It is 2,000 sq. ft. with seating for 60, plus 6 at the bar (beer and wine license only, at this point). They have a rent of $4,900/mth (a great deal in this area) with 4.5 yrs. left on the current lease plus a 10 yr. option (14.5 yrs. total). Rent increases are 3% annually. Sales in the past 6 months have averaged $10,000.00/wk and growing through the slowest months. They have not yet gone through a Summer season. In this town Summer brings a flood of vacationers and renters. Sales are expected to go to at least $12-$15K/wk. The only reason for the sale is because the owner has another business that he must attend to in the Summer and does not want to be spread too thin. He is motivated to sell, but not desperate. He WILL NOT give the business away. No low-ball offers, please. We are looking for a financially qualified buyer with at least $275K in liquid capital. If you meet the criteria, please call or email Mel Vaz today at 631-909-1095.


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