Seize a lucrative investment opportunity with this high-volume, turnkey restaurant, boasting a remarkable 29-year history of success as of January 2024. Strategically located just off a high-traffic, four-lane thoroughfare, this property is a goldmine for both seasoned and aspiring investors seeking a robust entry into the thriving food and beverage industry. This commercial gem features a sizeable dining area with a capacity of 190, including a versatile 30-seat patio with ample parking. This outdoor space is not only a delightful dining area but also a versatile venue for hosting a variety of events and social gatherings, adding a profitable dimension to the business model. The ability to cater to private parties, community events, and fundraisers offers significant potential for revenue growth and brand recognition. The restaurant is fully outfitted with comprehensive, high-quality equipment, ensuring operational efficiency from day one. The inventory includes comfortable booths, tables, chairs, multiple TVs for an enhanced guest experience, and an exceptionally equipped kitchen. Key kitchen features include two walk-in coolers, a walk-in freezer, a 24-tap long draw glycol draft system, five fryers, a flat-top grill, a pizza oven, and more, enabling a diverse and appealing menu offering. The addition of a freestyle soda system and a surround sound system enhances the overall customer experience. For business operations, a private office space is included, and an external storage room offers additional convenience. Notably, the building underwent a significant rebuild 11 years ago, ensuring that the infrastructure is modern and reliable. This property presents a unique opportunity for an investor or business owner to acquire a well-established, profitable restaurant with a proven track record. Its long-standing reputation, combined with its strategic location and comprehensive facilities, positions it as a prime investment for continued success and growth in the dynamic restaurant industry. All information is intended to be accurate, however not guaranteed.
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William Raveis Real Estate
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Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,480,000 | $1,480,000 | $1,480,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $1,240 | $1,240 | $1,240 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,599 | $9,477 | $12,994 |
Total Monthly Payment | $10,964 | $10,842 | $14,359 |
* 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.