Seafood Restaurant in Tourist Area - West of Erie County, NY

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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

Prime location in a beautiful tourist area, being the first seafood restaurant.
Strong financial performance with $657,962 in gross revenue and $33,330 in net income.
Versatile space with low, flat rent, previously a successful French restaurant for over 30 years, offering conversion potential.

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

Features & Tags

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