Price Reduction - East Hampton Restaurant and Bar - $1.1 million in Sales

Buy this Iconic East Hampton Restaurant and Bar for sale that has been a staple in Eat Hampton for decades.  The history and charm of this restaurant makes it a favorite among local and traveling tourists alike.  Sales exceed $1.1 Million!  Earnings of $198,000 on the books!  Qualifies for Lending with 20% down.

The history and charm of this restaurant and with bar for sale makes it a favorite among locals and traveling’ tourist alike.  A HUGE benefit is that their annual sales have double digit growth year after year and their annual sales are north of $1.1 million.   It has a new 10-year lease showing the stability of this business.  The owner’s profit is almost 20% making this a very profitable restaurant with lots of room to grow.

This restaurant and bar for sale offered by We Sell Restaurants is immaculate.  Everything has been carefully laid out and decorated from the dining room to the bar.  Either keep the current menu or create your own.   With 1500 square feet on the main floor, this restaurant is laid out ideally.  There is seating for 70 comfortably.  The kitchen is fully equipped with all the equipment a chef would need.  There is a walk-in box and a full basement for storage. 

Sale of almost a million in 2018 at this restaurant and bar for sale are trending to over $1.1 million in 2019.  This business has a very strong base of customers.  Sales are not only through food and alcohol, there are additional streams of revenue.  There is tremendous room for growth too, by creating an outside dining and event area, increasing social media and utilizing  delivery services.

East Hampton is probably the most desirable of the Hampton's.  The demographics for East Hampton for full time residents have an average household income of $135,000, average age of 44 and a 5-mile population of 28,000 plus.  During the peak season of Memorial Day to Labor Day these numbers increase dramatically. This restaurant and bar for sale checks all the boxes!

***Note that this Restaurant and Bar for sale has documented sales of over $1,100,000*** If you are an investor looking to add to your portfolio or a first-time buyer this business is for you.  Please contact us as soon as possible to schedule you visit.  This restaurant is perfect for an E2 buyer and does qualify for an SBA loan.  The seller is very motivated.

Please click on the tab below to easily acknowledge confidentiality on this Bar for Sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Michael Kelly at (631) 707-5339

This is an exclusive listing of We Sell Restaurants who is the rightful owner of all intellectual property associated with this website. This may not be duplicated without the express permission of We Sell Restaurants. We Sell Restaurants is a federally registered trademark.

Listing

  • Listing#: 7243
  • Price: $399000
  • Location: east hampton
Lease Term: 10 years
Monthly Rent: $8500-
Indoor Seating: 70
Inside Sq. Ft: 1500--
Hood System: Yes
Hours Open: Sunday 12pm-2am Monday - Friday 3pm-2am Saturday 12pm-2am
# of Part-Time Employees: 2
# of Full-Time Employees: 5
Net Sales: $1100000.00
Owner Benefit: $198000

Features

  • $1.1 million in Sales
  • 10 Year Lease
  • Iconic East Hampton Location
  • Lots of room for growth
  • Multiple revenue streams
  • Bar for Sale