Asking Price: $599,000
Gross Income: $1,976,000
Cash Flow: $-6,640
Exclusive North Shore 5000 Sq Ft Restaurant is all set up for an experienced operator , chef , investor or someone looking to get into this Industry. Continue running as a Classic Italian , Steak & Seafood or bring your own concept. Beautiful $1MM build-out and ALL FF&E in prestine condition , this location is ready to be taken to the next level. Unfortunately, the current owner has another location that is 2 hrs away and cannot take advantage of the unbelievable opportunity this area has to offer. 189 seats inside with a beautiful patio that is set up with another 80 seats. 18 yr lease, huge parking lot, fully staffed with a manager, and currently grossing $2MM in sales annually. Thats a great start at an even better asking price!! Another advantage is that this location is doing these numbers at 6 days a week with no lunch. Imagine the increase in sales and profit if you were to add another day and started doing lunch.
Here are the key highlights:
Prime Location: Exclusive North Shore with a large parking lot suggests good foot traffic and a high-income clientele.
Turnkey Operation: Beautiful build-out, equipment, and furniture are all in excellent condition. It's move-in ready.
Financials: Already grossing $2 million annually while operating only 6 days a week. Lunch service could significantly boost revenue.
Experienced Staff: A manager is already in place, so you won't have to worry about staffing right away.
Flexibility: Keep the classic Italian, steak & seafood theme or introduce your own concept.
For more info Please call or text Joseph Mesi 631 236 8598 / email joseph@eastcoastbusinessbrokers.com
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