East End Inn on Long Island Property for Sale – PARTNERSHIP ISSUES

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. One of the silent partners recently took on overseeing the facility and even during COVID, DOUBLED the bookings as compared to 2019!

All their rooms, suites and cottages have been renovated as well as the restaurant and bar. Their property is grandfathered in and allows for outside drinking as they have 2 large private areas which is perfect for the current environment and is right off the bar & restaurant. They are located right near the beach and there is so much potential to provide additional services to rent Kayaks, Paddle Boards, Beach Chairs & Umbrellas, Bicycles, as well as fun food carts for Ice Cream/Ices, and Pizza.

There is a TON of potential to properly market the Inn as they are just starting to create digital marketing campaigns as in the past almost all their business was 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 has low overhead as the real estate taxes are approximately $35,000 per year. 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.