Profitable Waterfront Restaurant in Long Island

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Asking Price:
$299,000

Gross Revenue:
$1,500,000
Cash Flow:
$225,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$1,000,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Do you want to own a fun, vibrant establishment which happens to be the most popular place in town? A profitable, very well-reviewed, full-service restaurant is available for sale. With amazing water views, 2 full liquor licenses, outdoor bar & seating area plus over 150 seats, this destination is both beautiful as well as popular. The restaurant continues to have loyal, repeat customers who absolutely love the food and fun environment. The business is growing in every sense and becoming a destination for private parties and corporate events. The owner has other business interests that he needs to pursue and the new owner of this establishment will step into a turnkey situation where all of the staff, operating procedures, great brand, recipes and menus is all in place for continued growth. All that’s needed is the drive and talent to continue the impressive growth. The restaurant enjoys low rent and has a long-term lease with sales of $1,500,000. To facilitate a quick sale the owner has priced the business very aggressively at only $299,000, THIS ONE WILL SELL QUICKLY. Qualified candidates please ask about listing #13399 when inquiring about this opportunity.

About the Business

Number of Employees:
20
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Listing Info

ID:
1422936
Ad Detail Views:
253

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Business Listed by

Ken Stein

The Kensington Company

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