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Listing Number: 3935

Restaurant/Cafe Business for Sale in Nassau County, New York

Business:Restaurant/Cafe Business for Sale
County, State: Nassau County, New York
Business Type: Restaurant/Cafes, Other Eating & Drinking Places

Summary Description

Very Well-Known Gold Coast Restaurant catering to wealthy, celebrity clients. This Nassau County gem has been in business for 21 years. The building was originally constructed in1890 and converted to a Polish Butcher in 1910. In 1984 the current owner purchased the building and converted it into the restaurant that stands today. This is a once in a lifetime opportunity. Only 1 block away from the water, this business grosses $700,000.00 and nets $225,000.00. In fact, there are plans to build a 200+ unit luxury housing complex very close by. This opportunity will not last. Property available for an additional fee. Call today for an appointment!

About the Sale

Asking price: $495,000 (USD)

Financing:$250,000 down and $245,000 @7% over 5 years.

Total Revenues:$700,000 (USD)

Cash Flow:$225,000 (USD)

Reason Selling:Retirement

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.