Business Summary

Asking Price: $2,900,000
Gross Income: $3,500,000
Cash Flow: $1,100,000
EBITDA: N/A
FF&E: N/A
Inventory: N/A
Real Estate: N/A
Established: 1994
Employees: N/A

Business Description

This top rated Seafood Restaurant on Long Island is grossing 3.5 Million and nets over 1 Million a year. This restaurant seats 200 and has been in business for over 30 Years with a wide variety of a Seafood/ Cuts of Beef menu and offers catering as well. There is a long and favorable lease with rent at only 6,000 a month. With low expenses, this Restaurant continues to be profitable and has room for growth with an aggressive owner on purchasing fish directly from the market. This is a great opportunity for a previous restaurant owner or a great investment with management staff willing to stay on. Proof of funds is required to see this location. NDA must be signed must be signed with Moxie.

Historical Summary: 33 Years of Great Customer Reviews. The current owner has been there for over 20 years.

Detailed Information

Inventory: Included in asking price

Facilities: Free Standing Building 5000 sq.ft. 7 Days 11:00AM- 10PM Open to 12AM Fri, Sat This top rated Seafood Restaurant on Long Island is grossing 3.5 Million and nets over 1 Million a year. This restaurant seats 200 and has been in business for over 30 Years with a wide variety of a Seafood/ Cuts of Beef menu and offers catering as well. There is a long and favorable lease with rent at only 6,000 a month. With low expenses, this Restaurant continues to be profitable and has room for growth with an aggressive owner on purchasing fish directly from the market. This is a great opportunity for a previous restaurant owner or a great investment with management staff willing to stay on. Proof of funds is required to see this location. NDA must be signed must be signed with Moxie. Please contact Dennis Stein for additional details and appointment. Historical Summary: 33 Years of Great Customer Reviews. The current owner has been there for over 20 years.

Growth & Expansion: Can get Seafood directly from the market and increase margin and profitability

Financing: 2,400,000 Cash Down 500,000 Seller Financing

Support & Training: 2 Weeks

Reason for Selling: Other Business Ventures

Property Details