5000 Sq Ft Restaurant In Heart of Patchogue Village
Business Description
HS Listing ID-67345
A Premier Bar & Restaurant in the Vibrant Heart of Patchogue, NY
Since its establishment in 2017, It has become a premier dining and nightlife destination. Located in one of Long Island’s most dynamic and rapidly expanding hubs, this well-known venue attracts a steady stream of patrons seeking high-quality dining and an energetic atmosphere. It is perfectly positioned to capitalize on Patchogue’s thriving restaurant scene and nightlife.
2024 Gross Revenue: $2,606,399
Profit Margin: ~$175,000
Business Highlights:
– Located on Main Street in the heart of Patchogue
– Located on busy road
– High visibility
– Modern design & style
– Absentee ran
– Fully staffed
– 5,000 sqft
– 22 year left on lease
– Food to alcohol ratio: 60 / 40
Lease & Rent:
Amount: $16,852 / month (base rent)
Term: 12 years + (2) 5 year options (22 years total)
Financial Info:
Payroll: ~$15,500 / week (25% cash off the books)
Utilities: $5,244 / month (water, gas & electric)
COGS: $77,136 / month
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
A Premier Bar & Restaurant in the Vibrant Heart of Patchogue, NY
Since its establishment in 2017, It has become a premier dining and nightlife destination. Located in one of Long Island’s most dynamic and rapidly expanding hubs, this well-known venue attracts a steady stream of patrons seeking high-quality dining and an energetic atmosphere. It is perfectly positioned to capitalize on Patchogue’s thriving restaurant scene and nightlife.
2024 Gross Revenue: $2,606,399
Profit Margin: ~$175,000
Business Highlights:
– Located on Main Street in the heart of Patchogue
– Located on busy road
– High visibility
– Modern design & style
– Absentee ran
– Fully staffed
– 5,000 sqft
– 22 year left on lease
– Food to alcohol ratio: 60 / 40
Lease & Rent:
Amount: $16,852 / month (base rent)
Term: 12 years + (2) 5 year options (22 years total)
Financial Info:
Payroll: ~$15,500 / week (25% cash off the books)
Utilities: $5,244 / month (water, gas & electric)
COGS: $77,136 / month
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 5,000
- Rent
- $16,852.00 per month
About the Sale
- Seller Motivation
- Other business interests.
- Transition Support
- Yes.
Listing Info
- ID
- 2406885
- Listing Views
- 187
Listing ID: 2406885 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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