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Accommodation & Food Services

Turn-key Restaurant Masterpiece

Glen Cove, NY, USA
Updated 183 days ago

Turn-Key Restaurant Masterpiece $1.82k Revenue $260 Net Asking $669k Owners Net $260k | Asking $669k A rare opportunity to own a meticulously designed and perfectly primed restaurant in the heart of Long Island's prestigious North Shore Gold Coast. This is more than a sale; it's the chance for an experienced operator to take over a thriving operation and elevate this diamond into a true Long Island icon. The Space: A Testament to Design and Ambiance Step into a world where casual dining meets elegance, nestled in a charming free-standing building with a warm, earthy ambiance. The interior design, crafted by an award-winning firm, draws on nature with a palette of earth tones, simple furnishings, and natural materials like wood and stone. The space is sophisticated yet relaxed, with carved-out sections for intimate gatherings and a gleaming, modern bar that serves as a stunning centerpiece. Private Dining The restaurant offers multiple private dining options, including "The Communal" for up to 12, "The Cocktail" for up to 20, and the exclusive "The Symphony," a fully enclosed private room with a baby grand piano that can host up to 75 for a cocktail party. Outdoor Seating A quaint lounge setup is perfect for enjoying a cozy spring or summer evening. Service & Atmosphere Patrons consistently praise the service as "extremely warm and welcoming." The overall feel is a balance of sophistication and a relaxed vibe, with live music adding to the enchanting atmosphere. The Financials: Poised for Profitability This business is ripe for growth. The current owner has multiple NYC restaurants, and logistics limit their time on-site to just 2-3 days a week. With a solid team of management and staff already in place, an on-site owner can easily grow sales. Additionally, very little to no marketing is currently being done to promote the restaurant or bar, presenting an immense opportunity to increase revenue. Favorable Lease The lease is an amazing 7 years with three 5-year options. There is also an option to buy and a first right of refusal, providing long-term security. Proven Concept The culinary program focuses on New American cuisine, featuring a range of steaks, seafood, and house-made pastas. Customer reviews consistently praise the delicious food, exceptional cocktails, and beautiful space. Why This Opportunity Stands Out This is a golden opportunity to take over a meticulously crafted business with all the elements in place for immediate and long-term success. The foundation has been laid in a location surrounded by the most desirable demographic in the region. The next chapter of this iconic spot is ready to be written by you.

Location

Glen Cove, NY (Nassau County)

Financials

Asking Price
$669K
RevenueMost Recent Year
$1.8M
Earnings (SDE)Last Reported
$260K
Assets Value
Undisclosed
Seller Financing
Not available

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