Busy North Shore Restaurant High-Traffic Location – $1.3M+ Annual
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HS Listing ID-68419
Established Operation: Strong and consistent cash flow with events booked year-round
Prime Location: Prime Location Near Major Retail Hub in Suffolk County
Lease & Location: 15-year transferable lease, supportive landlord, slight annual rent increases (max $11,000/month), prime high-traffic location with ample parking.
Ownership & Management: Fully Absentee ownership. There’s a reliable, experienced staff in place managing day-to-day operations.
Staffing: 12 employees, including 3 kitchen staff, front-of-house team (waiters, busboys, runners), and 1 bartender + 1 manager; experienced team ensures smooth operations.
Versatile Concept Potential: Suitable for high-end dining, fusion, or modern American cuisine
Attractive Valuation: Priced at 2.4x earnings, aligned with market standards.
Appealing Setup: 90 seats total (75 main dining, 20 private room, 14-seat bar), fireplace, upscale interior
Updated & Stylish Interior: Recently renovated bar and interior
Business Strengths: Transferable long-term lease, prime location, updated bar/interior, strong revenue potential, supportive landlord.
Reason for Sale: Owner currently owns other restaurants that require his full attention, which makes oversight of this location tough
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Established Operation: Strong and consistent cash flow with events booked year-round
Prime Location: Prime Location Near Major Retail Hub in Suffolk County
Lease & Location: 15-year transferable lease, supportive landlord, slight annual rent increases (max $11,000/month), prime high-traffic location with ample parking.
Ownership & Management: Fully Absentee ownership. There’s a reliable, experienced staff in place managing day-to-day operations.
Staffing: 12 employees, including 3 kitchen staff, front-of-house team (waiters, busboys, runners), and 1 bartender + 1 manager; experienced team ensures smooth operations.
Versatile Concept Potential: Suitable for high-end dining, fusion, or modern American cuisine
Attractive Valuation: Priced at 2.4x earnings, aligned with market standards.
Appealing Setup: 90 seats total (75 main dining, 20 private room, 14-seat bar), fireplace, upscale interior
Updated & Stylish Interior: Recently renovated bar and interior
Business Strengths: Transferable long-term lease, prime location, updated bar/interior, strong revenue potential, supportive landlord.
Reason for Sale: Owner currently owns other restaurants that require his full attention, which makes oversight of this location tough
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
Real Estate
- Owned or Leased
- Leased
- Rent
- $11,000.00 per month
About the Sale
- Seller Motivation
- Other business interests.
Listing Info
- ID
- 2442460
- Listing Views
- 29
Listing ID: 2442460 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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