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Listed by:

Kensington Company

East End Long Island Inn With Property For Sale

Suffolk County, New York, US
Asking Price:
$2,000,000 (USD) Furniture / Fixtures included
Sales Revenue:
$304,000 (USD)
Cash Flow:
$110,000 (USD)

No expense was spared in renovating this beautiful Inn and restaurant. They have a AAA location in a very busy but quaint highly desirable community on the East End of Long Island. They are exactly where anyone wants to stay to experience the beauty of this region from families, day trippers, wedding parties, bachelorette parties, or corporate events. This Inn should be operating at close to full occupancy as most everyone else does. The owner’s invested so much to create the right feel for the Inn and restaurant however unfortunately they do not have the bandwidth to operate the business and therefore it operates Absentee. All their rooms, suites and cottages have been renovated as well as the restaurant and bar. They have leased the restaurant and bar to an experienced operator. The property has low overhead as the real estate taxes are less than $35,000 per year.

There is a TON of potential to properly market the Inn as they currently do not have any digital marketing campaigns and almost all of their business is from referrals and word of mouth. Most of the other hotels and hospitality centers in the area are fully occupied during the season which provides huge upside potential for a more active involved owner or investor. This is an excellent opportunity for SO many candidates; Private Investor, Real Estate Investment Group, Owner-Operator of the Inn, Owner-Operator of the Inn and the Restaurant, or even a Restaurant Operator who wants to control their destiny and own their property and have the Inn as income producing. The property is priced to Sell at $2,000,000 and depending on the qualifications of the buyer and with the necessary equity investment the Seller might even consider holding the mortgage for the buyer. If you have interest, please refer to listing number 14278 when inquiring about this opportunity.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Room or Cottage available for Innkeeper or Restaurant Owner

Business Operation

Employees:
4
Years established:
5

Other Information

Support & training:

Yes

Furniture / Fixtures value:
$2,500,000 (USD) - included in the asking price

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