Highly Regarded & Profitable Restaurant For Sale - Business for Sale
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Absentee-Run Restaurant in Nassau County, NY
NY, US
Added today
Restaurant
Absentee / Semi-Absentee
Restaurant in Nassau County, NY serving coffee drinks, sandwiches, and salads with absentee ownership and an experienced manager in place.
Key Information
Asking
$479K
Revenue
$1.4M
Earnings
$225K
Multiple
2.1x
Key Highlights
- Average weekly sales: approximately $28,000
- Average weekly guest count: over 1,300 guests
- Current rent: $4,369 per month; 7 years remaining on lease with three 5-year renewal options and 2% annual rent escalations
- Annual labor expense: approximately $356,000; combined annual expense for linen, trash removal, repairs & maintenance, and insurance: approximately $41,000
- Business operates under fully absentee ownership with an experienced manager willing to stay
- Seller financing available: 50% down payment, seller will hold a note for the remaining balance
- Located in Nassau County, NY
Contact Info
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