Business Summary:
Opportunities are often described as rare and unique; however, in this case, the description truly applies. This is a one-of-a-kind, irreplaceable catering and event venue located in a AAA, highly desirable Hamptons location, and it simply cannot be duplicated.No expense was spared in the state-of-the-art renovation of this exceptional property. Over $2 million has been invested in brand-new equipment, mechanical systems, flooring, roofing, septic systems, and professional landscaping, resulting in a truly turnkey operation with no capital expenditures required. All town approvals are in place, including a Certificate of Occupancy for up to 248 guests. Over 15,000 square feet across multiple levels, with room for future growth. It keeps getting better… NO rent until June 2026, AND then ONLY $4,000 per month for the next 4 years under a long-term lease with truly below-market rates. PLUS low real estate taxes. This opportunity has it ALL: Excellent Hamptons Demographics, Extremely Low Overhead Expenses, No Capital Expenditures Required, AND the Price… ONLY $800,000 with $400,000 down payment with the seller holding the note with favorable terms for a qualified buyer. Serious qualified candidates only should inquire about listing number 16023.
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