There are a variety of business opportunities to choose from on the East End today. They require different levels of knowledge and skill in order to run them successfully. Each town offers a unique character all its own and attracts patrons that hail not only from the East End, but also from faraway places, particularly during the summer months. The key to year-round success comes down to customer service, ready stock and, of course, location.
With that being said, 2012 holiday shopping reports from the National Retail Federation show approximately $579.8 billion in spending, a 3% increase over last year. A bright future for the long term is what our country needs. Our mom and pop businesses and restaurants look to locals to support them in the off season. The people who live here year-round make a difference, and that’s what makes the Hamptons a prominent and sought-after location—it has become a place that produces high volume business activity in the summer and a steady stream in the off season. After scanning the available business opportunities and buildings for sale, I stumbled across a few business properties that may just be what you’re looking for.
In East Hampton, located on 3.8 acres, there is a 225-seat restaurant building, with exposed wood beams, wide plank floors and bucolic meadow views, situated just outside of the village of. This was formerly an upscale restaurant and has hosted an array of fabulous events. A beautiful stone entrance complimented by elegant gardens welcomes guests to a spacious outdoor venue,perfect for a wedding or special event. The inside boasts a grand bar with a fireplace and cozy seating throughout. In addition, there is an ample parking lot, a large storage building in the rear, and numerous walk-in refrigerators for storing product. It’s ready for immediate occupancy to open the restaurant of your dreams or make modifications now to add your own style and concept. Sounds like a great opportunity for the right investor. For more information, contact Fabio Velez at the Corcoran Group, 631-899-0234. Listed at $5.5 million.
Have you even dreamed of owning a movie house? After being under the same ownership for 30 years, the historic Sag Harbor Cinema is on the market. Located on Sag Harbor’s Main Street, within walking distance of the wharf, the three-story building offers a generous 7,000 sq. ft. footprint. Contact Joan Tutt at Seashell Real Estate for more information at 631-283-1133. Listed at $12 million.
Or perhaps a restaurant (and apartment!) in Bridgehampton? The 5,000 sq. ft., newly built restaurant, Southfork Kitchen, seats 100, and features a three-bedroom apartment on the second floor. The fantastic location is only 1/3 mile from Montauk Highway and Bridgehampton Village, near the intersection of Narrow Lane and Bridgehampton/Sag Harbor Turnpike. This restaurant boasts a dedicated parking lot on a .6-acre lot, and turnkey operation with a state-of-the-art kitchen in place. Contact Matthew Gorman, 212-251-0626 or Joshua Gettler, 212-251-0627 at New Street Realty Advisors. Listed at $3.5 million, plus $350,000 for all furniture fixtures and equipment.
Considering opening your own boutique? Southampton’s Main Street and Jobs Lane are prime locations for retailers in the Hamptons. Southampton Village offers a variety of stores and specialty boutiques of both luxury retail and unique one-of-a-kind treasures and provides a shopping experience like no other. Douglas Elliman Real Estate has recently listed a “primo” retail spot, boasting 2,725 square feet and visible store frontage at, ID H08697. Be part of this charming historic village and start your new endeavor in 2013. For more information, contact Carol Nobbs at 631-204-2714 or David Donohue at 516-650-4419. Listed at $9,500 per month.