Asking Price: $669,000
Gross Income: $1,820,000
Cash Flow: $260,000
Owners Net $260k | Asking $669k 💰
A rare opportunity to own a meticulously designed and perfectly primed restaurant in the heart of Long Island's prestigious North Shore Gold Coast. 💎 This is more than a sale; it's the chance for an experienced operator to take over a thriving operation and elevate this diamond into a true Long Island icon.
Step into a world where casual dining meets elegance, nestled in a charming free-standing building with a warm, earthy ambiance. The interior design, crafted by an award-winning firm, draws on nature with a palette of earth tones, simple furnishings, and natural materials like wood and stone. The space is sophisticated yet relaxed, with carved-out sections for intimate gatherings and a gleaming, modern bar that serves as a stunning centerpiece. ✨
Private Dining: The restaurant offers multiple private dining options, including "The Communal" for up to 12 👨👩👧👦, "The Cocktail" for up to 20 🥂, and the exclusive "The Symphony," a fully enclosed private room with a baby grand piano that can host up to 75 for a cocktail party. 🎹
Outdoor Seating: A quaint lounge setup is perfect for enjoying a cozy spring or summer evening.
Service & Atmosphere: Patrons consistently praise the service as "extremely warm and welcoming." 🤗 The overall feel is a balance of sophistication and a relaxed vibe, with live music adding to the enchanting atmosphere. 🎶
This business is ripe for growth. The current owner has multiple NYC restaurants, and logistics limit their time on-site to just 2-3 days a week. With a solid team of management and staff already in place, an on-site owner can easily grow sales. Additionally, very little to no marketing is currently being done to promote the restaurant or bar, presenting an immense opportunity to increase revenue. 🚀
Favorable Lease: The lease is an amazing 7 years with three 5-year options. There is also an option to buy and a first right of refusal, providing long-term security.
Proven Concept: The culinary program focuses on New American cuisine, featuring a range of steaks, seafood, and house-made pastas. 🍝 Customer reviews consistently praise the delicious food, exceptional cocktails, and beautiful space.
This is a golden opportunity to take over a meticulously crafted business with all the elements in place for immediate and long-term success. The foundation has been laid in a location surrounded by the most desirable demographic in the region. The next chapter of this iconic spot is ready to be written by you.
Contact: Confidential inquiries only. Contact Broker Ralph Galdorisi at 516-707-4670 or rg@eastcoastbusinessbrokers.com. 📞
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