Seafood Restaurant in Tourist Area - West of Erie County, NY
Financial Details
- Asking Price:
- $99,000
- Annual Revenue:
- $657,962
- Cash Flow / SDE:
- $33,330
- Profit Metric:
- Total Adjusted Net Income
- Valuation Multiple:
- 3.0x
- Location:
- NY, US
- Source:
- Date:
- September 25, 2025
Key Highlights
Description
This listing presents a unique opportunity to acquire a seafood restaurant located in a prime downtown tourist area west of Erie County, NY. The business, established in 2019, has been actively promoted and benefits from being the first seafood establishment in its locale. It boasts a history as a successful French restaurant for over 30 years, indicating strong potential for conversion to other restaurant concepts. The premises offer ample space, including a large dining area, a 25-person party room, storage, an office/bedroom, and a 500 SF patio. The lease terms are favorable, with low rent that is set to remain flat for several years, and the landlord is supportive, even including water bills in the rent. Operating as an absentee-owner business serving only dinner, it is well-positioned to capitalize on increased post-pandemic tourism traffic. The sale includes $70,000 in equipment/fixtures.
Industry Information
- Industry Description:
- Food - Restaurant
- Classification:
- Restaurants & Food
Operational Snapshot
- Year Established:
- 2019
- Employees:
- 6
- Reason for Selling:
- Other interest
Real Estate & Lease
- Status:
- Leased
- Monthly Rent:
- $3,904 USD
- Lease Expiration:
- 2024
Assets & Inventory
- FF&E Value:
- $70,000 USD
- Includes FF&E:
- Yes
Broker Contact
- Name:
- Ciro 'Vic' Coppola
- Company:
- First Choice Business Brokers
- Phone:
- (702) 368-2500
Listing Details
- Listing ID:
- d406ce15-089e-4ddf-b946-6b9a9ee3752e
- Source Listing ID:
- 21705
- Deal Status:
- Sold
- Last Updated:
- September 25, 2025
- Currency:
- USD