Restaurant/Cafe, Bar in Suffolk County, NY - 315

Not Disclosed, NY
Suffolk County


Asking Price: Annual Revenue:
$1,200,000 $1,481,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Restaurant/Cafe, Bar in Suffolk County, NY - 315 Broker: Joe Stansky
Owner Financing is Available!
$800,000.00 Down & $400,00 over 3 years @5%

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $1,481,000
Net Profit: Not Disclosed
Cash Flow: $325,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 9
BBN Listing #: 82124447
Broker Reference #: 31577

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Business Overview:

Long Established North Shore Restaurant and Bar. Steps from the harbor in popular North Shore Village on the main road. Front and rear patios and large 38 foot bar (seats 17) inside plus 26 tables. Own parking lot with 17 spots. Seafood, Steaks, etc. No lunch Monday - Friday which is huge opportunity for buyer. Lunch would add 30-35% to the gross sales.Poor social media. Run semi absentee and needs full time owner operator. Bar is very active = 1/3 of sales.No website. 2 New AC system, 3 walk in boxes. 12 tap system with dedicated barrel walk in box. Menu and prices need to be updated and raised. Does not do parties and catering- opportunity for active buyer. Seller owns property and real estate is available and offered by Vested Realty Group at $1.2m. POS system also located outside on the patio. This town is very popular and the streets are filled with people every evening- especially in summer due to the waterfront location. Rare opportunity for business and real estate in the heart of this town. Proof of funds and prior restaurant experience is required for a meeting with the owner. Contact broker Joseph Stansky for more details.

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is not 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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