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- RE: Rare Epic Restaurant/Bar Opportunity
- Contact: Shawn Charles
Quick Facts
Asking Price: | $249,000 | |
Annual Revenue: | Not Disclosed | |
Net Profit: | Not Disclosed | |
Cash Flow: | $100 | |
Total Debt: | Not Disclosed | |
FF&E: | $1,000,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2000 | |
Employees: | Not Disclosed | |
BBN Listing #: | 985384 | |
Broker Reference #: | Not Disclosed |
Business Overview:
Get ready for an extraordinary experience at this high-grossing waterfront restaurant! Imagine savoring delicious, fresh seafood and a diverse range of American cuisine while soaking in the breathtaking views of Long Island Sound. This stunning venue offers private event spaces that host up to 80 guests, perfect for any special occasion. Picture yourself enjoying a meal and specialty cocktails as boats sail by, creating a serene and picturesque setting. The outdoor seating area with a bar enhances the delightful ambiance with the soothing sounds of lapping waves and a gentle sea breeze. It's an experience you won't want to miss! This gem has been a beloved establishment for an impressive 25 years and boasts ample parking for all its patrons. With a monthly rent of $14,000 (a 9% rent factor), replicating this incredible facility would take over $1 million. The venue features an extraordinary website and an active social media presence, ensuring it's always in the spotlight. Here's what awaits you: A vibrant bar with 20 seats, A lucrative lounge area with 60 seats that occasionally hosts thrilling entertainment, 30 inviting patio seats and a bar where guests can be close enough to fish, 100 captivating dining seats Spanning 5,000 square feet of prime waterfront space, this restaurant is a true treasure. The owners, who are absentee, have decided to retire after 25 successful years, presenting a unique opportunity for a new owner-operator to revitalize the business and significantly increase revenue.
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Property Features and Assets:
During this restaurant hay day, they did $3,000,000 a year with absentee owners. This indeed is an incredible opportunity at this price, truly the best buy
Market Competition and Expansion:
Competition: As they say, they are not making any more waterfronts.
Growth & Expansion: An experienced owner-operator will knock this out of the park, and given its prime location, any concept will work here
Reason for Selling:
Other business interestAdditional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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