BBQ and Seafood Restaurant For Sale – Mahopac, New York
BBQ and Seafood Restaurant For Sale, Mahopac, New York for $74,900! Seller financing available with $30,000 down. Established business opportunity, currently grossing an estimated $308,200 and nets $64,383. Income based on an owner/operator role. Restaurant is located within a popular plaza and has recently been renovated. Seating is provided for 30 inside and 8 outside. This restaurant offers an extensive menu of BBQ, burgers, and seafood serving lunch and dinner for dine-in or take-out. Catering service is also currently being offered with the potential for this area of the business to be expanded. Restaurant is operating with 2 employees part-time in place that are willing to transfer if given the opportunity. Includes all kitchen equipment and restaurant fixtures. Turnkey business with a loyal customer base in a high traffic plaza. Please be advised that the owner will not entertain SBA loans, or third party lending. If seeking financing, buyer must be able to borrow against personal assets. For additional lending options Apply Here.
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $308,200.
How does the restaurant profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant?
Seller is willing to offer financing with $30,000 down. Terms to be discussed. If more financing is needed you can review additional Financing Options Here.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and insurance.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Is the restaurant property owned or leased?
Currently the owner leases the property. Lease terms remain at $3,067 per month for 8 years. New owner must be approved by the landlord. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located?
Located in Mahopac, New York. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Current list of equipment includes: refrigerator, 240lb fryer, smoker, 2 prep tables, tables and chairs, TV, POS system. Estimated Value is $25,000 .
What size and how many customers can this restaurant seat?
Restaurant is 1400 sq. ft. and seats 30 inside and 8 outside.
Does this restaurant currently have a beer or liquor license?
Yes, there is a beer or liquor license included with this sale.
Does the restaurant offer drive-thru or delivery service?
The restaurant currently offers a delivery service but not a drive-thru.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 2.5 years.
Why is the owner selling?
Owner is retiring.
What are the hours of operation?
This restaurant is operated from 11.30am to 9/10pm, Monday – Sunday.
What type of neighboring business are in the area?
Currently this plaza has the following businesses: Pizza Restaurant, Steak House, Bagel Store, Pet Salon and more.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Established BBQ, burger and seafood restaurant in a high traffic plaza! Turnkey and move in ready. Restaurant has a loyal customer base and positive Yelp and Facebook reviews. Includes the cost of all equipment worth an estimated $25,000. Seller financing available with $30,000 down. Plenty of opportunity to increase revenue. Priced at $74,900. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer’s duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.