Listing ID: 70365
Business Overview
Established Restaurant/Bar in the heart of Suffolk County generating approximately $1.24M in annual revenue and $195K in net profit. The business opened March 2024 and benefits from a prime location, strong lease, manager in place, and additional upside from catering events. The business has built strong local traction with a young, energetic crowd, benefits from heavy foot/vehicle traffic, and sits in a highly desirable area surrounded by new apartment development and constant nightlife activity.
Financial Overview
Asking Price: $600,000
2025 Gross Revenue: $1,243,169
2025 Gross Profit: $916,485
2025 Net Profit: Approximately $195,000
Business Highlights:
POS: Toast
Does UberEats, DoorDash, & Online Ordering
Private, public, and catering events
About 15% total revenue is from parties and catering
Lease & Location
4045 sq ft with additional 345 sq ft storage and office space
103 seats & 15 bar stools
Base Rent: $10,890 per month
3.5% annual increases with two 5 year options
Good guy clause in place
Staff:
16 employees total
The business has a manager in place handling day-to-day operations
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.
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FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711
Financial
- Asking Price: $335,000
- Cash Flow: $195,000
- Gross Revenue: $1,243,169
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: No
- Established: N/A
Detailed Information
- Property Owned or Leased:Lease
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:16
- Furniture, Fixtures and Equipment:N/A
Yes.
Other business interests.