HS Listing ID-72820
Popular Restaurant that has been a fixture of its community for well over a century, currently owned and operated by the same family for the past 22 years. The business generates approximately $1.2-$1.3 million in gross revenue annually, with catering/parties representing about 30% of total sales. The business sees a significant seasonal boost during a popular yearly event generating about $45,000 in cash.
Business Highlights:
Strong catering program (~30% of total sales)
Online ordering via Uber Eats and DoorDash (minimal volume), plus direct ordering through the business’s own website
New Lavu POS system installed January 2026
2 on-site managers who also bartend and can run day-to-day operations independently
Facility:
150 indoor seats, plus a 50-seat outdoor courtyard and a separate outdoor bar
Dedicated catering room, seats up to 100
5,400 square feet
Staff:
12 employees total; weekly payroll of $2,800 including 2 owners' salary of $1200 each
Owner and his brother (co-owner) both on-site daily
Owner is retiring after 22 years; will remain on Long Island
Lease & Location:
Rent: $8,000/month, with 3% annual increases
9 years remaining on the lease; the seller is in his 10 year option.
Deal Terms:
The seller will consider holding a small note if the buyer retains the business name (note must be paid in full if the name is changed)
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
