Restaurant/Club/Real Estate and Development Site

Freeport, NY
Nassau County

Long Island

Asking Price: Annual Revenue:
$15,000,000 $6,000,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Restaurant/Club/Real Estate and Development Site Broker: Ziggy Marszalek

Quick Facts

Asking Price: $15,000,000
Annual Revenue: $6,000,000
Net Profit: Not Disclosed
Cash Flow: $1,200,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $6,000,000
Year Established: Not Disclosed
Employees: 46
BBN Listing #: 269649666
Broker Reference #: 22447

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Business Overview:

This property is located in the Nautical Mile in Freeport, New York, one of the hottest destinations for food and summer fun on Long Island. It is zoned Marine Commerce and consists of 1.69 acres with 700 square feet of waterfront land. The current use is by a successful restaurant/club and a major hotel development has broken ground less than a mile away.

Current use is Braccos restaurant and club that grosses over $300,000 a week from Memorial to Labor Day. It has indoor and outdoor seaside dining, boats and jet skis docking, live music and dancing. This is an unlimited opportunity to develop and continue running a business that is generating $1.2 million in cash flow.

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Property Features and Assets:

Monthly Rent: $0 Lease Ends: 2019-02-01 Area: 73,450 sq/ft Building Type: Building with parking. Reason For Sale: Looking to relocate... General Location: Nautical Mile Organization Type: Corp Sub S Years Established: 75 Years Owned: 60 Owner’s Hours: 40 Owner Training: 2 weeks Employees: 35 Full-Time 10 Part-Time 1 Manager Skills & Licenses: Liquor

Reason for Selling:

Wants to Relocate.

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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