Description

One of Long Islands oldest Bar / Restaurant / Tavern is finally on the Market. Located on the North Shore of Nassau County is this 5200 Sq Ft gem. With Indoor dining , a huge historical bar ,  a stage for live music , 2 party rooms w/ a fireplace , outdoor patio seating w/ a full wet bar and separate entrances that lead to front and rear huge parking lots. This location is situated on Main St in this very upscale town where the clientele is a mixture of Millionaires to Landscapers. This is the spot they ALL come to eat , drink and have a good time. Sales in 2019 were @ $1.4M. 2020 was a wash due to the Pandemic. 2021 Sales were at $24K weekly. 2022 & 2023 sales are at $26k to $30K weekly and still climbing.  Seller will finance 50% with an experienced operator that will keep the name which adds to the value. That shows how much confidence the current owner has in his establishment. This location can accommodate 2 parties at one time while still operating the front of the house. All FF & E in good working condition. Front of the house was recently renovated. Full basement with walk ins , Liquor room & plenty of storage space.

If you are interested in listing your business with East Coast Stores, obtaining a free valuation OR if you would like to earn a referral fee and know someone who would like to sell, contact us at Listings@eastcoaststores.com. We accept quality listings!

Property Information

  • Listing Number: 11892
  • State: New york
  • County: Nassau

Financial Information

  • Asking Price:$850,000
  • Gross Income:$1,400,000
  • Cash Flow:$421,088
  • Seller Financing:$400,000

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