 |
Listing Details - MAJOR WELL KNOWN RESTAURANT / BAKERY WITH BUILDING
|
MAJOR WELL KNOWN RESTAURANT / BAKERY WITH BUILDING
()
NASSAU COUNTY, NEW YORK - New York, Nassau
| Seller Financing: |
Yes |
| Lender Pre-Qualified: |
|
| Listing ID: |
M222378 |
| Status: |
Sold |
Listing Details
| Listed Price: |
$1,750,000 |
| Down Payment: |
$900,000 |
| Total Sales: |
$2,000,000 |
| SDE: |
$422,000 |
| EBIT: |
|
| EBITDA: |
|
| FFE: |
$150,000 |
Included? Yes |
| Real Estate: |
$1,300,000 |
Included? Yes |
| Inventory: |
$5,000 |
Included? Yes |
| A/R: |
|
Included? |
|
|
| Reason for Sale: |
OWNER HAS MOVED TO ANOTHER CITY |
| Training: |
SELLER WILL COMPLETELY TRAIN |
| Financing Terms: |
NEGOTIABLE seller will finance the building |
Operations
| Year Established: |
1994 |
| Last Acquired: |
|
| Form of Ownership: |
S-CORP |
| Home Based: |
No |
| Relocatable: |
No |
| Type of Location: |
Stand-alone |
| Absentee Owner: |
Yes |
| Online: |
|
| Employees: |
Full Time: 20 / Part Time: |
| Managers: |
1 |
| Hours: |
|
| Owner Hours: |
35 |
| Non-Owner Payroll: |
$280,000 |
| Franchise Info: |
|
Location
| Lease Expire: |
|
| Option: |
REAL ESTATE INCLUDED IN SALE |
| Lease Terms: |
|
| Lease Security: |
|
| Monthly Rent: |
|
| Square Footage: |
5000 |
| Facilities: |
A MAJOR LOCATION ON A MAJOR STREET IN THE BEST WEALTHY TOWN IN NORTHERN NASSAU COUNTY. THE RESTAURANT CONSISTS OF A 2500 SQUARE FOOT MAIN FLOOR AND A 2500 SQUARE FOOT BASEMENT WITH ALL FOOD PROP AND STORAGE FACILITIES AS WELL AS A PRIVATE OFFICE.
OWNER NETS $ 322K AFTER DEBT SERVICE ON THE BUILDING OF $72K YEARLY |
Summary
| Business Description: |
WELL-ESTABLISHED RESTAURANT BAKERY ON A MAIN STREET IN ONE OF THE WEALTHIEST TOWNS IN NASSAU COUNTY.This extremely well known Bakery / Restaurant is in the middle of the best street in a Major Northern Nassau County Town. Over the years it has become an institution. There is a possibility to take over the business as usual ,or to open your own new Restaurant Concept |
| Historical Summary: |
In business since 1994 this is a well -known family Restaurant / Bakery who also wholesales their Baked Goods to other Businesses. |
| Owner Qualifications: |
RESTAURANT EXPERIENCE HELPFUL |
| Competition: |
VERY LITTLE COMPETITION TO IT'S UNIQUE BUSINESS PROFILE |
| Potential Growth: |
UNLIMITED |
|
|
|
|
|
|
|
|
|
|