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
