NOT DISCLOSED, New York
| Asking Price |
$10,340,000 |
Year Established |
|
|
| Annual Revenue |
$3,901,900 |
Reason for Selling |
|
|
| Annual P/L |
$0 |
Attention |
Chris Farrell |
|
| Annual Cash Flow |
$1,299,265 |
Listing Number |
996163 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Available for the first time in a generation, this is a rare opportunity to acquire a turnkey, high-performing business located in one of the most desirable waterfront destinations on Long Island. This well-established operation boasts over $4 million in historical annual sales, supported by an experienced management team and an extremely loyal, multi-generational clientele. With a long-standing reputation as a top-tier dining destination, this business offers consistent cash flow and compelling potential for future growth. This venue is also a prime wedding and catering facility. The restaurant also has a full in-law apartment with 4 bedrooms.
A separate 5 bedroom , 2 bathroom staff residence that sleeps 9 is included in the sale. This infrastructure supports reliable seasonal staffing, adding critical operational stability.
FACILITY: Mixed-Use Building
EQUIPMENT: The equipment is in good condition, has been well maintained & is of good quality.
CONCEPT: Full-Service Restaurant & Bar
CAPACITY: 380 people including all indoor and outdoor seating
SIZE: 6,000 sq.ft.
HOURS: Open daily
LICENSES: Full Liquor & Entertainment Licenses
SALES: $3,901,900 in 2024 (Historically over $4MM)
CASH FLOW: $1,299,265 SDE in 2024 (Historically over $1.5MM SDE)
ASKING PRICE: $10,340,000 (For the Business and Property & Residential Property)
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity