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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   Hotels and Holiday Accommodation Businesses For Sale Categories   >>   

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Motel / Restaurant For Sale

Location  New York,United States
Asking Price Range  $2.5M - $5.0M
Gross Revenues  $2000000
Net Profit / Cash Flow  $705000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1961
Number of Employees  20 - 34
Inventory  $1,700,000
Relocatable  Yes
Number of Employees  20 - 34
Real Estate  Owned
Training  4 weeks training at no cost.
Reason for Sale  Retirement.
Description  A sleepy little hot spot in the making! The present owners have not even scratched the surface sales. A real beautiful well maintained property. The numbers do not tell the story on this one. It is a must see! It is the property and this destination on the east end that makes this a sizzling hot deal. The potential is without boundaries. True destination and well maintained multifaceted operation. This is a very unique deal with huge potential to be a north shore destination outside the heart of town. Near the tanger outlets and the north shore vineyards. The north shore becoming the other hamptons of long island - this area is ready to explode and is quickly becoming a hot spot for an upscale manhattan clientele. This is a real property investment waiting to happen for a forward thinking investment group. Rooms are modern; the restaurant beautifully decorated this is a turnkey operation. Too much to describe with plenty of bells and whistles to make this property a true deal well worth the asking price. Huge potential for a catering spot for high end wedding and sales groups on the off season potential revenue will potentially by far be well over ten million dollars gross revenue! This is a sweet deal please keep in mind; this is two separate lots 1) The 20 unit motel on the bay private beach 2) The full service bar and restaurant with outside seating over 200 seats and a full service cocktail lounge and 10 additional units for rent above the restaurant and an additional separate freestanding cottage with two high end suites 3) The rentals range from $175 per night to more than half the rooms are considered suites renting at $300 per night during the season. Owner/operators; a father a 2 son team ready to make a deal with dad retiring after almost 40 years and the sons involved in some new ventures. Contact for more information on this motel / restaurant for sale.
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