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Businesses For Sale   >>   Hotels and Holiday Accommodation Businesses For Sale

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.


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