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North Shore Restaurant & Bar - Sales @ $20K Week and climbing - 50% Seller financing
New york (Nassau)

Disclaimer

Disclaimer: The financial information herein has been provided by the seller. East Coast stores or east coast business brokers or its brokers make no claim to have verified this information. We recommend that the buyer conduct his own do diligence and perform the financial verification needed to conclude any due diligence. The buyer understands that they will hold ECS or ECBB harmless of any claims resulting in misrepresentation by the seller.

Property Information

Listing Number:
11892
Business Type:
Established Businesses
Business Category:
Restaurant/ Cafes
State:
New york
County:
Nassau

Other Information

Financial Information

Asking Price:
$995,000
Gross Income:
$936,000
Cash Flow:
$299,200
Seller Financing:
$450,000  

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Business Description

One of Long Islands oldest Bar / Restaurant / Tavern is finally on the Market. Located on the North Shore of Nassau County is this 5200 Sq Ft gem. With Indoor dining , a huge historical bar ,  a stage for live music , 2 party rooms w/ a fireplace , outdoor patio seating w/ a full wet bar and separate entrances that lead to front and rear huge parking lots. This location is situated on Main St in this very upscale town where the clientele is a mixture of Millionaires to Landscapers. This is the spot they ALL come to eat , drink and have a good time. Sales in 2019 were @ $1.4M but due to the Pandemic sales have dropped about 40% but are slowly increasing as we come closer to the end of  a horrible year for all business owners. Seller will finance 50% with an experienced operator that will keep the name. That shows how much confidence the current owner has in his establishment. This location can accommodate 2 parties at one time while still operating the front of the house. With the catering which is a big part of this business starting to get busy again , this location will be back up to its $20k+ weekly in no time. All FF & E in good working condition. Full basement with walk ins , Liquor room & plenty of storage space.

If you are interested in listing your business with East Coast Stores, obtaining a free valuation OR if you would like to earn a referral fee and know someone who would like to sell, contact us at Listings@eastcoaststores.com. We accept quality listings!

Listing Number : 11892

Business Listed By

Joseph Mesi

Email this List   631-271-1731
Email this List   631-236-8598
Email this List   joseph@eastcoaststores.com
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