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Exceptional Commercial Business Opportunity in Prime Location. Turnkey restaurant with a 40-year legacy and established reputation. Don't miss this rare chance to acquire a thriving, reputable business in a high-traffic area. Perfect for entrepreneurs looking to own with immediate income potential. Key Features: - Situated in a highly visible, accessible area with high foot traffic, ensuring maximum exposure. - Turnkey Operation fully equipped with all furniture and kitchen equipment, ready for immediate operation. - Established Reputation: A beloved local dining spot with many loyal, regular customers. - Lots of opportunity to grow: Currently open from 7 AM to 4 PM, with opportunities to expand hours and increase revenue. - Comfortable space featuring barstools, table, and booth seating for up to 40 patrons. - Ample parking available in backyard lot for staff and customers. - Long-term lease about 8 years remaining, providing stability and security. - Fully Staffed and trained, ready to continue operations without disruption. - All furniture, fixtures, and kitchen equipment included in the sale. **Growth Potential: With additional hours of operation, this well-established business offers significant opportunity for growth and increased profitability. This is a rare opportunity for a buyer to acquire a profitable, established business in a desirable location. Whether you're an experienced restaurateur or looking to expand your portfolio, this turnkey operation is ready for the next chapter. ** This listing is for the business only. Please do not approach servers or owners. The building is not currently for sale. Call for Financials.
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Our Executive Mortgage Banker:
$110,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $88,000 | $88,000 | $88,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.650% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $535 | $556 | $731 |
| Total Monthly Payment | $610 | $631 | $806 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.