Restaurant/bar– $1.24M Revenue $195K Net Profit For Sale

Description

Established Restaurant/Bar in the heart of Suffolk County generating approximately 1,243,169 in annual revenue and 195,000 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 and vehicle traffic, and sits in a highly desirable area surrounded by new apartment development and constant nightlife activity.Financial OverviewAsking Price: 600,0002025 Gross Revenue: 1,243,1692025 Gross Profit: 916,4852025 Net Profit: approximately 195,000Business HighlightsPOS: ToastOffers UberEats, DoorDash, and online orderingPrivate, public, and catering eventsApproximately 15 percent of total revenue from parties and cateringLease and Location4,045 sq ft plus additional 345 sq ft storage and office space103 seats and 15 bar stoolsBase rent: 10,890 per month3.5 percent annual increases with two 5 year optionsGood guy clause in placeStaff16 employees totalManager in place handling day to day operationsA signed confidentiality agreement is required for the exact location.