Please ensure Javascript is enabled for purposes of website accessibility Prime Suffolk Co-owner willing to sell with only $350k down | Wesley Schroeder | Transworld Business Advisors

Prime Suffolk Co-owner willing to sell with only $350k down

Listing Number: 6853-232906

Description

This bar-restaurant is located in prime area in Suffolk County in a very popular village-the owner is willing to sell with only $350 k down. The restaurant main dining area was renovated 2 years ago with the bar area just being refreshed. It has a large bar area with separate dining areas. There are 2 spacious party rooms and a very inviting outside area for catering. Fully staffed, long term employees with their large kitchen they can cater up 130 people. They also use the party rooms for dining on weekend nights for overflow. The restaurant and bar area has live music on weekend nights after the dinner crowd ends. They offer craft beers and cocktails. The owners say they are ready to slow down and want to retire from the bar and restaurant business. The business has been running during covid. They said the sale price is $1.65 million but will finance it with $350k down and will finance over 20 yrs. at 4% for a qualified buyer. If you are looking to own a legend you need to call or text Pete Sheehan (516) 639-2465 Transworld Business Advisors

Listing Details

  • Price: $1,650,000
  • Down Payment: $350,000
  • Sellers Discretionary Earnings: $366,578
  • Total Sales: $2,712,175
  • Location: Suffolk County, New York

  • Inventory: $0
  • FF&E: $0
  • Employees: 42
  • Year Established: 25
  • Reason for Selling: retirement
  • Category: Liquor Related Biz
Prime Suffolk Co-owner willing to sell with only $350k down

Contact Agent:

Wesley Schroeder
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