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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.
Click Here To Contact Seller
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