Profitable Absentee-Run Restaurant for Sale in Prime Long Island Location
Financial Details
- Asking Price:
- $600,000
- Annual Revenue:
- $2,000,000
- Cash Flow / SDE:
- $250,000
- Profit Metric:
- Cash Flow
- Valuation Multiple:
- 2.4x
- Location:
- Roslyn Heights, NY, US
- Source:
- Date:
- September 21, 2025
Key Highlights
Description
This is a rare opportunity to acquire a well-established, profitable restaurant located in a prime, high-traffic area on the North Shore of Suffolk County, Long Island. Operating absentee, the business consistently generates $2,000,000 in annual revenue with a cash flow of $250,000. The asking price of $600,000 represents a fraction of its value, especially considering the over $1,000,000 invested in the build-out. The establishment boasts seating for approximately 150 customers, a large bar area, a full liquor license, outside seating, and a beautiful interior. It is situated in one of Long Island's busiest shopping centers, offering tremendous visibility and foot traffic. The seller is highly motivated, presenting an exceptional ROI potential for an experienced, hands-on operator looking to significantly increase sales and profits. Key features include a full surveillance system and a private office. Note that utilities, garbage, cable, and phone are not included in the rent.
Industry Information
- Industry Description:
- Restaurant
- Classification:
- Restaurants & Food
Operational Snapshot
- Reason for Selling:
- Owner Exit / Urgent Sale
Real Estate & Lease
- Status:
- Included
Broker Contact
- Company:
- The Kensington Company
Listing Details
- Listing ID:
- 20e51ed8-2988-460b-8e2c-055e4001cc6c
- Source Listing ID:
- 15434
- Deal Status:
- Sale Pending
- Last Updated:
- September 21, 2025
- Currency:
- USD