Buy a Restaurant/Cafe Business in Kings County, New York

Business: Buy a Restaurant/Cafe Business
County, State: Kings County, New York
Business Type: Restaurant/Cafes, Other Food Stores, Other Eating & Drinking Places

Summary Description

Unbelievable location. Beautiful brick & mirror walled two story strium diner in a historical, affluent North Shore town. Owner will finance purchase of building and business. Established as diner/restaurant for 28 years. Building was a successful restaurant/nightclub prior. Newly renovated with two story 20x20 extension in 2001. Private party room andmunicipal parking behind the building. Two story brick atrium with overlook. Serves breakfast, lunch, dinner w/fresh ingredients and homemade recipes. Expansive, reasonably priced menu served by professional, friendly staff. Clean, updated and well set-up kitchen. Can continue operating as diner or convert to upscale restaurant or club.

About the Sale

Asking price:$5,000,000 (USD)

Financing:$1,000,000 down and $4,000,000 at 8% over 20 years

Total Revenues:$988,000 (USD)

Cash Flow:$411,530 (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.