Seafood Restaurant with Conversion Potential in Tourist Area
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Financial Details
- Asking Price:
- $99,000
- Annual Revenue:
- $657,962
- Cash Flow / SDE:
- $33,330
- Profit Metric:
- Ingreso neto total ajustado
- Valuation Multiple:
- 3.0x
- Location:
- NY, US
- Source:
- Date:
- September 25, 2025
Key Highlights
Seafood restaurant with huge potential in a beautiful tourist area.
Prime downtown location, previously a successful French restaurant for over 30 years, offering conversion flexibility.
Absentee-owner business serving dinner only, with low, flat rent and included water bill.
Description
This listing presents a seafood restaurant located in a beautiful tourist area, described as having huge potential. It holds a prime downtown location and was formerly a successful French restaurant for over 30 years, indicating strong potential for conversion to other restaurant concepts. The business operates as an absentee-owner model, serving dinner only. It features ample space with low rent that is expected to remain stable for several years, and the water bill is included. The property includes a large dining area, a party room for 25 people, a storage room, an office/bedroom, and a patio of approximately 500 SF. The listing is marked as sold.
Industry Information
- Industry Description:
- Food - Restaurant
- Classification:
- Restaurants & Food
Operational Snapshot
- Year Established:
- 2019
Real Estate & Lease
- Status:
- Leased
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:
- 9679827a-866d-40a6-9f71-bb819388a255
- Source Listing ID:
- 21705
- Deal Status:
- Sold
- Last Updated:
- September 25, 2025
- Currency:
- USD
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