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Restaurant Diner In Suffolk County For Sale

Suffolk County, New York
Asking Price:
$3,500,000 (USD)
Sales Revenue:
$4,400,000 (USD)
Cash Flow:
$1,000,000 (USD)

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. 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.

Has a full liquor license.
Non Owner Payroll: $19,000 per week

Property information

Real Estate:

Lease

Leasehold Rent:

$420,000 (USD) per annum

Size in square feet:
5,000

Business Operation

Reasons for selling:

Retirement

Trading hours:

7 days 7AM-12AM

Employees:
47 employees with 3 Managers
Years established:
1970

Other Information

Furniture / Fixtures value:
$300,000 (USD)
Inventory / Stock value:
$40,000 (USD)

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