Restaurant & Bar - Sales @ $20K Week and climbing

Oyster Bay, NY
Nassau County

North Shore

Asking Price: Annual Revenue:
$995,000 $963,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Restaurant & Bar - Sales @ $20K Week and climbing Broker: Seller of Business
Owner Financing is Available!

Quick Facts

Asking Price: $995,000
Annual Revenue: $963,000
Net Profit: Not Disclosed
Cash Flow: $299,200
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 686335273
Broker Reference #: 11892

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Business Overview:

One of Long Islands oldest Bar / Restaurant / Tavern is finally on the Market. Located on the North Shore of Nassau County is this 5,200 Square Feet gem. With Indoor dining, a huge historical bar, a stage for live music, 2 party rooms with a fireplace, outdoor patio seating with a full wet bar and separate entrances that lead to front and rear huge parking lots. This location is situated on Main St in this very upscale town where the clientele is a mixture of Millionaires to Landscapers. This is the spot they ALL come to eat , drink and have a good time. Sales in 2019 were @ $1.4M but due to the Pandemic sales have dropped about 40% but are slowly increasing as we come closer to the end of a horrible year for all business owners. Seller will finance 50% with an experienced operator that will keep the name. That shows how much confidence the current owner has in his establishment. This location can accommodate 2 parties at one time while still operating the front of the house. With the catering which is a big part of this business starting to get busy again, this location will be back up to its $20,000+ weekly in no time. All FF & E in good working condition. Full basement with walk ins, Liquor room & plenty of storage space.

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Reason for Selling:

Other business interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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