Historic Seaside Restaurant for Sale in New York

Nestled in the charming NYC Borough, a rare opportunity awaits a discerning restaurateur. A beloved local institution, renowned for its delectable cuisine and scenic views, is on the market after 55 years of successful operation.

This iconic seaside restaurant boasts impressive annual revenues of $2.4 to $2.5 million, with a net income of $400K, demonstrating its strong financial health and consistent patronage. The establishment is turnkey, having been fully updated to meet modern demands while retaining its historic charm. It features a full liquor license and seating for 160 guests, making it ideal for both intimate dinners and larger gatherings.

Prospective buyers will be pleased to find new bathrooms, a state-of-the-art POS system, and a fully staffed, efficient kitchen—ensuring a smooth transition with no downtime necessary. The restaurant's strong tax returns are a testament to its profitability and are supportive of bank financing, making it an attractive investment.

In addition to its robust business attributes, the property includes a two-bedroom apartment upstairs, presenting an excellent opportunity for an owner-operator or to generate additional rental income.

The restaurant operates under a secure 10-year lease, providing long-term stability for the new owner. Furthermore, there is an opportunity to purchase the building, subject to negotiation with the landlord, adding to the investment appeal.

Seller financing is also available, making this an even more enticing proposition for those looking to venture into or expand their footprint in the restaurant industry.

For those seeking a turnkey operation in a picturesque location with proven profitability and potential for growth, this historic restaurant represents a golden opportunity!