Waterfront Hamptons Restaurant in AAA Location

Not Disclosed, NY
Suffolk County

Long Island

Asking Price: Annual Revenue:
$3,000,000 $6,000,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Waterfront Hamptons Restaurant in AAA Location Broker: Ken Stein

Quick Facts

Asking Price: $3,000,000
Annual Revenue: $6,000,000
Net Profit: Not Disclosed
Cash Flow: $1,300,000
Total Debt: Not Disclosed
FF&E: $2,500,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 50
BBN Listing #: 65204701
Broker Reference #: 14774

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Business Overview:

If Location, Location, Location is EVERTHING for Real Estate then this unique restaurant has it ALL. A beautiful state of the art restaurant with amazing views of the water from outdoor decks and bars in a truly one-of-a-kind location. There is seating for close to 200 guests with room for parties and events. A 10-year lease with reasonable rent and taxes and is highly profitable. Business is strong and has only been getting stronger with sales projected for 2021 close to $7m with earnings of $1,300,000! Excellent books and records. As the Hamptons have turned into more of a year-round residence for many New Yorkers have permanently left the city, the potential just keeps growing. Strong management team operates the business as the owner is semi absentee. Tremendous potential for a more hands on owner to proper this 1 of a kind restaurant to new heights. Please refer to listing number 14774 when inquiring about this opportunity.

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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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