Business Summary:
LISTING ID # 35983Presenting a spacious 6,500-square-foot waterfront restaurant and bar, complete with a large outdoor deck and expansive bar area, featuring roll-up doors for seamless catering events. This versatile establishment comprises two distinct dining rooms and is currently operating under a well-known franchise name, offering tremendous growth potential. This property boasts all the essential amenities and can be further enhanced by enclosing the patio, thereby significantly increasing both sales and bar revenue. The cash flow projection takes into account the elimination of the current managerial position, with the new buyer taking the reins. The restaurant is currently fully staffed, providing an opportunity for a hands-on buyer to optimize operational efficiency, reducing payroll costs while maximizing current sales. The initial setup cost for a restaurant of this caliber would typically amount to several million dollars, making this offering an exceptional value. To learn more about this opportunity, please reach out to Broker Jim Aloi at 631-375-4100 for comprehensive details. The property also includes a parking lot with space for 65 cars, along with ample street parking. Presently, 75% of revenue is generated from food sales, with the remaining 25% from drinks. There is a substantial potential for doubling the drink and catering business with strategic improvements and the involvement of an engaged restaurant or diner-focused buyer. Bring your innovative ideas to the table, as the seller may consider holding a small note for qualified buyers. The listing currently features early operating hours, which could be expanded to capture more business. Additionally, there is an exciting possibility to rebrand the concept under one of the franchise's sister companies, conveniently located just 15 minutes from the Nassau-Suffolk border. This prime location offers easy accessibility via various routes and enjoys excellent exposure, with a dedicated full staff already in place to support your venture. Don't miss out on this exceptional waterfront dining opportunity!In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35983 for instant access to this business information.
|
|
