Busy North Shore Restaurant High-Traffic Location – $1.3M+ Annual - Business for Sale
Request Information
The contact information for this deal is locked. If you wish to unlock this information, you need to upgrade to SMB Deal Hunter Pro.
🍽️
Absentee-Run Restaurant in Smithtown, NY
Smithtown, NY, US
Added 2 months ago
Restaurant
Absentee / Semi-Absentee
This is a fully absentee-run restaurant located in Smithtown, NY, operating in a high-traffic area near a major retail hub with a 15-year transferable lease and a staff of 12 managing daily operations.
Key Information
Asking
$350K
Revenue
$1.3M
Earnings
$250K
Multiple
1.4x
Key Highlights
- Business operates under a 15-year transferable lease with maximum rent of $11,000/month and slight annual increases
- Business is fully absentee owned with 12 employees, including 3 kitchen staff, front-of-house team, 1 bartender, and 1 manager
- Seating capacity includes 90 seats (75 main dining, 20 private room, 14-seat bar)
- Recently renovated bar and interior
- Located in Smithtown, NY near a major retail hub with ample parking
Contact Info
Unlock Premium Features
Get everything you need to find, finance, and acquire your business
Personalized Deal Flow
On and off market deals curated to your search criteria.
Unlimited 1:1 M&A Support
Expert advisors to help you spot red flags, negotiate your offer, and hand hold you all the way to close.
Pre-Vetted Deal Team
- * Intros to our preferred lenders
- * Access to our investor community
- * Discounted 3rd party Financial and Legal diligence