Food & Beverage
Financial summary
Comparable pricing
Limited comparables for this listing. No reliable benchmark yet.
Methodology refines over time.
SBA financeability
Businesses in food services & beverage retail are commonly SBA-financed. The figures below are the industry-category norm from SBA 7(a)/504 lending, a gauge of how financeable a deal like this tends to be.
Food Services & Beverage Retail benchmarks
Typical SBA leverage
71%
Industry charge-off
1.3%
Common term
10 yr
Median loan
$269,200
Active lenders in this category: The Huntington National Bank, U.S. Bank, National Association, Manufacturers and Traders Trust Company.
Based on 52,309 SBA loans · source: SBA 7(a)/504 FOIA, as of 2026Q1 · industry-category level.
Detailed information
Linked page lives on the broker site, not on OpenAcquisitions.
Key points
Business description
ICONIC 48-YEAR-OLD RESTAURANT, BAR & CATERING HALL — TURNKEY ASSET SALE Asset Sale | Southern Nassau County, NY | Owner Retiring After Nearly Five Decades A rare opportunity to acquire a beloved Southern Nassau County institution that has served its community for 48 years. After building one of the area's most recognized restaurant, bar, and catering venues, the owner is retiring and is committed to passing the keys to the right operator — someone with the vision and operational chops to take this turnkey footprint into its next chapter. The Opportunity This is a chef/operator's dream. The space is fully built out as a high-capacity restaurant, bar, and event venue — meaning a new owner can step in, refresh the aesthetic with cosmetic updates, and reopen under a new concept (or evolve the existing brand) without the time, cost, or permitting headaches of building from scratch. With seating for 200 and a fully dividable catering and event space, the new operator can run multiple private events simultaneously or open the room up for a single large affair — weddings, corporate functions, milestone celebrations, fundraisers, holiday parties, and more. There is significant upside for a buyer who wants to build a serious catering and events business in a market that consistently demands it. The Space 6,000 SF main floor with full restaurant, bar, and catering/event capacity Seating for 200 guests Fully dividable event space — flexible for multiple simultaneous events or one large function Full basement with three walk-in boxes, dry storage, and dedicated prep space Fully built-out kitchen and bar — ready for day-one operation The Real Estate The current owner owns the building and is offering a brand-new lease at $10,000/month to a qualified operator. This is an exceptional rent profile for 6,000 SF of fully equipped restaurant and event space in this market, and reflects the owner's stated priority: finding a strong operator who will continue the tradition of hospitality at this address. The Numbers This is being marketed as an asset sale, and no cash flow or financial performance is being represented as part of this transaction. Buyers are purchasing the FF&E, the build-out, the lease opportunity, and the platform — not the historical books. The value here is the infrastructure, the location, the lease terms, and the upside a motivated operator can unlock. Why It's Compelling Buy vs. Build: Replicating this footprint — 6,000 SF, seating for 200, a full basement with three walk-ins, a built-out kitchen, and a dividable event hall — would cost a new operator well into seven figures and 12–18+ months of construction, permitting, and downtime. This is move-in ready. Catering & events upside: The dividable event space is a built-in revenue engine for any operator who knows how to market and execute private events. Reinvention-ready: Cosmetic updates can completely transform the look and feel — perfect for a chef-driven concept, a modern American grill, an Italian-American flagship, a steakhouse, a gastropub, or a dedicated event-forward concept. Established address: Nearly five decades of community goodwill and brand recognition in a high-density, high-demand Nassau County trade area. Ideal Buyer A chef/owner, hospitality group, or experienced operator looking for a turnkey platform to launch or expand a restaurant and catering business in the Nassau County market. The current owner is motivated to find the right successor — not just the highest bidder. Asking Price: $499,000 Lease: New lease available at $10,000/month Reason for Sale: Owner retiring after 48 years Transaction Type: Asset Sale
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