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Restaurant for Sale in Long Beach, NY - Bring Your Own Concept!

Long Beach, NY (Nassau County)

Restaurant for Sale in Long Beach, NY - Bring Your Own Concept!
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Asking Price: $129,000

Cash Flow: $0

Gross Revenue: $450,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $6,195 /Month

Established: N/A

Restaurant for Sale in Long Beach, NY - Bring Your Own Concept!

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Business Description

Chance to Own a Spot in the Heart of Long Beach

Turn-Key Restaurant for Sale in Long Beach, NY is a Rare Opportunity to Own a Piece of the Restaurant Business in Long Beach. Great Lease in High-Income Area. Though an Asset Sale, Last Year's Sales Topped $450,000
This great ethnic cuisine restaurant for sale is available in Long Beach. This once in a lifetime opportunity to own a restaurant in the heart of Long Beach doesn't come around often. With current sales of $450,000, this restaurant for sale currently serves ethnic cuisine. You could keep the concept the same or be transformed into anything imaginable. Even though this restaurant is doing $450,000 a year in sales, this is a true asset sale, priced at $150,000. Please note, this is a turn-key operation, no major renovation is needed.
We Sell Restaurants is excited to show you this restaurant for sale. Long Beach is a very desirable area and restaurants don't come up for sale often. Take this opportunity to visit this turnkey establishment and picture your dream restaurant. The sellers are looking to for motivated buyers and that is why it is priced at $150,000.
This beautiful restaurant for sale is laid out over 1500 square feet. There are 40 seats available to accommodate both small intimate dinners and larger group parties. The best thing about this opportunity is there is a 10-year lease with a 5-year option. The rent is $6200 per month, which includes water, sewage, and taxes. The kitchen is laid out perfectly for a chef and his helpers. The kitchen is fully equipped with commercial grade equipment that will suffice all your needs. Sales are derived from in-house diners, catering, take out, GrubHub, Uber eats and Door Dash.
This restaurant for sale in Long Beach offers so much opportunity. You have your yearlong residents and the bonus of seasonal renters. The demographics for Long Beach are impressive, too. The median household income is $124,000 at an average age of 43. Long Beach is home to more than 170,000 residents. This is an amazing opportunity to create your dream with this restaurant for sale.

Detailed Information

Location:
Long Beach, NY
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
6/30/2029
Employees:
5
Facilities:
large hood flattop grille ovens convection oven refrigerators freezers walk in box ample dry storage shelving small appliances smallwares
Competition:
Great location in Long Beach Huge upside potential On a main street
Growth & Expansion:
Growth can come in many different ways take-out delivery and special events Build a social presents
Support & Training:
Yes if needed
Reason for Selling:
Other
Business Website:
http://www.wesellrestaurants.com
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Contact the Seller

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Michael Kelly

Business Listed By:
Michael Kelly

We Sell Restaurants

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Memberships & Certifications:
Indicates membership in The New York Association of Business Brokers (NYABB).


Sponsoring Broker:
Eric Gagnon

Listing Statistics

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Demographic Information

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