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