Business for Sale Overview:
Beautiful 150+ seat restaurant with another 18 or so at the bar. Nice, warm and inviting. It has been there for 15 years. It is know as a family restaurant with great food. Open for lunch and dinner, plus they do a lot of private parties, funerals, etc.. The party business is so big that the current owner, who owns the building, is willing to add on a 2nd floor to accommodate just the party business. Currently, the party business does take seats away from the restaurant business, so a 2nd floor would increase revenues dramatically. The building has parking for 45 plus tons of public parking close by. He also does do some outdoor dining during the season.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
3,500 square foot building. Owner is a great guy. He will provide a 10 year lease at $6500 per month plus taxes with no increases for 10 years. He will also build a 2nd floor for parties. The cost of the 2nd floor will be negotiated before it is built. The cost will be very reasonable. Owner wants buyer to succeed and pay the rent.
Market Competition and Expansion:
There is competition, but he has built a fantastic reputation. He has a lot of steady customers and does tons of parties. He has a great location on a very busy road and is very close to the train station. Plus easy to get to and lots of parking. You cannot find a better location. Not to mention, you are not going to find a better lease deal in all of Westchester County.
Reason for Selling:
Owner wants to retire.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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