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.