Iconic Long Island Waterfront Restaurant with Real Estate

Asking Price$10,340,000

Cash Flow
$1,299,265
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$3,901,900

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

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Iconic Long Island Waterfront Restaurant with Real Estate


Asking Price$10,340,000

Cash Flow
$1,299,265
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$3,901,900

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
Profitable Restaurant with Property - Desirable Waterfront Destination on Long I
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)
About the Business
Real Estate
Owned or Leased
Owned
Included in asking price
Listing Info
ID
2399905
Listing Views
1028

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Business Listed by: Todd Smith Corbett Restaurant Group

Listing ID: 2399905 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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