p1551-New_York-Ferrara_Bakery_Cafe

MAJOR WELL KNOWN RESTAURANT / BAKERY WITH BUILDING
(Food Business Retail, Food Retail Bakery; Food Business Retail, Food Retail Health; Food Business Re)
Nassau County, New York
Listed Price: $ 1,750,000
Listing ID: XM222378

Listing DetailsDown Payment: $ 900,000
Gross Revenue: $ 2,000,000
Cash Flow: $ 422,000
FFE: $ 150,000 (Included in Price)
Real Estate: $ 1,300,000 (Included in Price)
Inventory: $ 5,000 (Included in Price)
Form of Ownership: S Corp
Reason for Sale:

OWNER HAS MOVED TO ANOTHER CITY


Training & Support:

SELLER WILL COMPLETELY TRAIN


Listing SummaryBusiness 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


Financing/Terms:

NEGOTIABLE seller will finance the building


LocationLease Expire: 0000-00-00
Option: REAL ESTATE INCLUDED IN SALE
Lease Security: 0
Square Footage: 5000
Type of Location: Stand Alone
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


OperationYear Established: 1994
Owner Hours: 35
Non-owner Payroll: $ 280,000
Employees: Full Time: 20
Managers: 1
Absentee Owner: Yes