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Business for Sale Summary

Rockland County, NY Waterfront Restaurant For Sale - 28637

Business Type: bar/tavern/night clubs,misc. retail/non-classifiable,other eating & drinking places,catering and event planning,restaurant/ cafes
Sale By Owner
Rockland County, NY Waterfront Restaurant For Sale
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Financial Information (non-confidential)

General Information
Asking Price $425,000 Down Payment $125,000
Gross Revenues $300,000 Lease Remaining Register Free to View
Owner’s Cash Flow $50,000 Number of FT Employees Register Free to View


$125,000 Down and 300,000 at 8% over 36 Months

Business Description

Beautiful waterfront restaurant that sits on the Hudson river as its widest point. The restaurant has had a complete $500,000 renovation a year ago after it was closed due to damage by Hurricane Sandy. There have been 2 successful restaurants at this location for the last 30 years. The new renovation doubled the inside capacity to 75 seats and an additional 65 seats on the outside patio, with room to expand. The restaurant is 2600 sq. with a 1000 sq. outdoor patio. In addition there is a 2 bedroom 1500 sq. apartment on the 2nd floor above the restaurant that could be rented out for extra income. The restaurant has a 25 year lease with 23 years remaining. The rent is $2750 a month with 2% increase each year, The rent for the apartment is $1000 additional and is only due if being used. The restaurant is located near a village park and the village mountains with the parking lot and all areas surrounding the restaurant. There are boat slips for boats, a new 500 unit condo/townhouse waterfront complex. With this awesome lease and an owner with vision and motivation, the potential is unlimited. This business could be expanded with catering for weddings, Christenings and engagement parties. This business never will be replaceable. Please call 1-877-735-5224 for further information.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.