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Business for Sale Summary

Picturesque Upstate Restaurant w/ 3 Bedroom Apt. - 34161

Business Type: delicatessen/catering services,misc. retail/non-classifiable,other eating & drinking places,other food stores,seller financing available,restaurant/ cafes/ diners
Owner Financing
Picturesque Upstate Restaurant w/ 3 Bedroom Apt.
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Financial Information (non-confidential)

General Information
Asking Price $145,000 Down Payment $100,000
Gross Revenues $348,694 Lease Remaining Register Free to View
Owner’s Cash Flow $70,000 Number of FT Employees Register Free to View

Financing

$100,000 Down and $45K over 4 yrs. @ 6%. to a qualified buyer

Business Description

Upstate Restaurant w/ 3 Bedroom Apt Above. Are you currently in the food service industry in the NY Metro area and seeking to escape the rat race, but continue to do what you love? This is the listing for you. This is an award winning restaurant just 2.5 hours North of Manhattan in the picturesque Catskills area. It is just minutes from local attractions such as Windham and Hunter Mountains. The restaurant is only open 3 days per week right now. An added bonus is the fully furnished, 1376 sf, 3 bedroom, 2 full bath, apartment above the restaurant with a rent of only $1,500/mth., plus utilities. Use it for yourself and your family. Overall, the restaurant faired very well during 2020. It is a fully equipped 1,376 sf. with a basement and a rent of $4,000/mth with a long-term lease possible for a well-qualified tenant. There are 45 seats inside and 20 outside. In 2020, a pandemic year, the business grossed approx. $348,694.00 with an owner's cash flow of approx. $70,000.00. 2021 sales are expected to rebound as many new residents have decided to stay. The business has been established for 15 years. In addition to the owners there are 7 P/T employees. The current owner will sell the business with the name and all recipes, or you can bring in a totally new concept. The owner is selling in order to retire. We are seeking a serious and financially qualified buyer with at least $100K in liquid funds to cover the down payment. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at registration@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.