Family restaurant /Diner

Weedsport, NY
Cayuga County

Arnolds restaurant band Diner/


Asking Price: Annual Revenue:
$495,000 $400,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Family restaurant /Diner Broker: Michael KInney Icon companies
License #: Call Broker

Quick Facts

Asking Price: $495,000
Annual Revenue: $400,000
Net Profit: $950,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $195,000
Real Estate: $385,000
Year Established: 1993
Employees: 6
BBN Listing #: 253940651
Broker Reference #: 033

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Business Overview:

Great location large parking lot on .75 acres .Updated two dinning rooms ,point of sale system , Big storage area in basement. They have a great loading dock which makes it much easier for catering. At the present hours very short mainly days and one night . THe kitchen was designed and set up by. Chef for a Chef . Walk in cooler and freezer, huge grill a diner must fryers , stove great hood system . The operation seats about 100 plus . THe parking lot is very large ,no concerns about parking.Menu works for the area ,they do a good job on pies and desserts, they have a dessert round cooler. Could be an SBA loan

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Property Features and Assets:

The building is about 2,243 square feet. They have much more property to develop but not sure its if needed. With step up current and increase of hours this could be a million dollar operation.

Market Competition and Expansion:

Weedsport is on New York thruway with its own exit . Motel, a casino , major racetrack , Close to Auburn and Syracuse. Current owner buys something’s from Rochester 45 min.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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