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Attractive Restaurant Lounge
Location: United States -> New York -> Rockland County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)

Business Summary

Excellent opportunity for this wonderful restaurant lounge business and priced substantially below fair market value. This Modern Attractive Family Restaurant with liquor license is located on an active county road in a highly active area of Rockland County, New York. This attractive 4,200 square foot Restaurant with a consumption liquor license has a wonderful reputation in the area. This establishment is well known as a successful casual, family style eatery with great food and excellent service. The business continues to have basic hours, Tuesday-Sunday from 11:30 am 9:30 pm to accommodate the present owner's semi absentee schedule. By increasing the hours for later evening hours as a lounge this business can enjoy a substantial increase to the bottom line income. The restaurant has a gross income of $775,000 and a consistent net income to the owner operator. Its modern wood paneled walls and rustic furnishings provide the comfort of a home away from home.

The restaurant specializes in preparing lunch and dinner, including all of your favorite appetizers, soups, salads, wraps, sandwiches, burgers, platters, quesadillas, pastas and entrees, from steak and chicken to tilapia and salmon. The personnel are kid-friendly, and seating is available both indoor and outdoor. To-go and catering options are both offered, and the restaurant has become a go-to destination as a host or caterer for big events and parties. No Specific qualifications are required to own and operate this form of business other than state approval for the consumption liquor license. The sale includes a turnkey restaurant operation with an asset value of approximately $170,000 which includes a consumption liquor license, beautifully designed restaurant café, high capacity commercial kitchen, POS system, refrigeration / freezer units, displays, fully equipped pub, and various equipment required for this particular food service industry. The facility has a legal capacity for ninety-two (92) customer


Asking Price Range:  < $250K
Gross Revenues:   $775,000
Cash Flow:   $70,000
Cash Flow Type:  EBITDA
Inventory:  $170,000
Seller Financing:  Yes

About The Business

Year Established:  1998
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The seller will supply a full transitional period and remain sixty days’ post closing.
Reason For Selling:  The owner is the landlord and is retiring from the industry.


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Attractive Restaurant Lounge Photo 1

Print Listing Id: 700286906
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

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