Restaurant/Cafe, Bar in Suffolk County, NY-31577

Not Disclosed, NY
Suffolk County

Asking Price: Annual Revenue:
$550,000 $2,000,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Restaurant/Cafe, Bar in Suffolk County, NY-31577 Broker: Joseph Stansky Esq
Owner Financing is Available!
$550,000.00 Down & None

Quick Facts

Asking Price: $550,000
Annual Revenue: $2,000,000
Net Profit: Not Disclosed
Cash Flow: $325,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1980
Employees: 9
BBN Listing #: 97084447
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 mainroad.Front and rear patios and large 38 foot bar (seats 17)inside plus 26 tables. Own parking lot with 17 spots. Sales are up 25% YTD in 2019. Dog friendly very helpful.TV and fire pit on outside deck. 5 cooks and 6 bartenders.Seafood, Steaks, etc. No lunch Mon-Friday which ishuge opportunity for buyer. Lunch would add 30-35%to the gross sales.Poor social media. Run semi absenteeand 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. Doesnot do parties and catering- opportunity for active buyer. Seller owns property and real estate is availableand offered by Vested Realty Group at $1.2m. POS system also located outside on the patio. This town isvery popular and the streets are filled with people everyevening- especially in summer due to the waterfrontlocation.Rare opportunity for business and real estatein 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 and relocation

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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