HS Listing ID-67345
A Premier Bar & Restaurant in the Vibrant Heart of Patchogue, NY
Since its establishment in 2017, It has become a premier dining and nightlife destination. Located in one of Long Island’s most dynamic and rapidly expanding hubs, this well-known venue attracts a steady stream of patrons seeking high-quality dining and an energetic atmosphere. It is perfectly positioned to capitalize on Patchogue’s thriving restaurant scene and nightlife.
2024 Gross Revenue: $2,606,399
Profit Margin: ~$175,000
Business Highlights:
– Located on Main Street in the heart of Patchogue
– Located on busy road
– High visibility
– Modern design & style
– Absentee ran
– Fully staffed
– 5,000 sqft
– 22 year left on lease
– Food to alcohol ratio: 60 / 40
Lease & Rent:
Amount: $16,852 / month (base rent)
Term: 12 years + (2) 5 year options (22 years total)
Financial Info:
Payroll: ~$15,500 / week (25% cash off the books)
Utilities: $5,244 / month (water, gas & electric)
COGS: $77,136 / month
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Ad#:2406885
