Price Reduced- Restaurant Doing $68,000 Weekly

Not Disclosed, NY
Nassau County

Long Island

Asking Price: Annual Revenue:
$1,150,000 $3,550,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Price Reduced- Restaurant Doing $68,000 Weekly Broker: Ken Stein

Quick Facts

Asking Price: $1,150,000
Annual Revenue: $3,550,000
Net Profit: Not Disclosed
Cash Flow: $450,000
Total Debt: Not Disclosed
FF&E: $750,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 14444701
Broker Reference #: 14296

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Business Overview:

The seller has drastically reduced the price on this iconic Long Island Restaurant with Revenue of $3.55 Million, pre-pandemic. Like all restaurants, it suffered in March of 2020, but came back HUGE within 1 month. The drought for this place only lasted a very short time during COVID. It is truly amazing how their niche is so strong. The numbers are nice and steady throughout the year. A new owner will earn $450,000. This restaurant is highly profitable for they have very low overhead as their rent is just over 2% of sales. They have a long-term lease of and have been a landmark in their community for a long time. In addition to their busy restaurant, their full liquor bar is routinely packed with customers at this award-winning restaurant. Priceless Reputation, Highly Profitable and PRICED TO SELL. Please call and refer to listing number 14296.

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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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