Cash Cow Of Building Three Source Of Income
Corning, NY Steuben County
Three story famous restaurant with two us-scale ap
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- RE: Cash Cow Of Building Three Source Of Income
- Contact: Michael Kinney
- License #: call broker
Quick Facts
| Asking Price: | $895,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 3,950,000 | |
| Real Estate: | $400,000 | |
| Year Established: | 1951 | |
| Employees: | 8 | |
| BBN Listing #: | 698840651 | |
| Broker Reference #: | ICON 29 |
Business Overview:
You are buying a three story building in the heart of Corning New York, around the block from Corning glass world headquarters. They had a major fire and did a total rebuild all three floors. You’re getting three rental income a month 5000 triple rent for restaurant space. At this time we gave them a one lease in case of new buyer wants to run restaurant or expand the current lease They also have two up-scale apartments both 2 bedroom one $1,800 a month and the other $1,600 a month.
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Property Features and Assets:
You are buying a basically new building total remodel after a fire. The restaurant is a local famous local spot. Again you need to see the property to fully understand how like this is Check their facebook! Nice photos and I have more.
Market Competition and Expansion:
This operation is a main stay in the town ,Corning is one of the nicest spots in the finger lakes.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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