Turnkey Restaurant Lease Assignment

Turnkey Restaurant Lease Assignment - Patchogue, NY - $200,000

This is not a traditional sale of the existing restaurant brand or business.

This is a turnkey lease assignment opportunity for an operator looking to bring in their own concept.

A fully built-out restaurant is available for takeover in a high-traffic Patchogue location. Over $500,000 went into the construction, buildout, and restaurant infrastructure, allowing an incoming operator to avoid the time, expense, construction, equipment installation, and approval process of building a restaurant from scratch.

Location:

58 South Ocean Ave, Patchogue, NY 11772

Strong visibility with access from South Ocean Ave and Church Street

Space:

Approximately 2,500 sq. ft. total Approximately 1,300 sq. ft. dining area

Seating for 53 guests

Lease:

$5,461.21/month upon assignment

Lease term runs through September 2031

Lease provides for an additional 7-year renewal option

Not a traditional NNN lease

No traditional CAM charges

Tenant is responsible for utilities and certain operating expenses under the lease.

Turnkey setup

Fully built-out and equipped restaurant with existing commercial kitchen infrastructure already in place

The premises include restaurant equipment, fixtures, refrigeration, walk-in cooler, cooking equipment, hood/exhaust and fire suppression systems, sinks, grease traps, furniture, and other restaurant infrastructure that remain with the premises pursuant to the lease

The restaurant is currently operating and presently has an active beer and wine license

Ideal For

An experienced restaurant operator looking to open or expand into

Patchogue without taking on the time and expense of a complete restaurant buildout

A new operator can step into an already developed restaurant location with the major infrastructure in place and begin transitioning into their own concept

Serious inquiries only.

CONTACT: Omarfamilybiz@gmail.com