Iconic Family Restaurant

Sylvan Beach, NY
Oneida County

Famous Town on Oneida Lake


Asking Price: Annual Revenue:
$649,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Iconic Family Restaurant Broker: Michael Kinney
License #: CALL BROKER
Owner Financing is Available!
Base on down payment and credit history .But very well could be an SBA loan as well longer term 20 plus years

Quick Facts

Asking Price: $649,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: $450,000
Year Established: 1973
Employees: 10
BBN Listing #: 285840651
Broker Reference #: ICON101

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Business Overview:

Well established icon in the heart of Sylvan Beach. Established in 1973 with an exceptional reputation. This could have a huge luxury apartment above Plus this could be an SBA loan 20 -30%down and term over 20 plus years There are Two apartments above .but do not have a lease, new Owner. Could live here and build ou an even better home above. Put on a deck have coffee watching the lake. this would make a great family business as it was run that way for years. Since 1973 same family In the next few Months, this will be a cash cow with sale's that could be in the 600-700 k buy now. The village is upgrading you want in before prices get higher New price with some owner financing. Plase reach out to me I have a video and can not but it on this site.. Thsi is the operation you need to see

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Property Features and Assets:

*Popular tourist and business area, 660 feet from Sandy Beach. Has historically operated successfully as seasonal AND year-round operation. Includes full bar & outdoor patio with a gorgeous lake view! Corner location with additional side entrance/exits. Also, the area is building 100 plus new condos, The amusement park is reopened town is alive *160+ feet of road frontage with high traffic and visibility exposure. .84 acre lot with TWO additional adjacent 50'X100' parcels included. *Many sponsored year-round activities!

Market Competition and Expansion:

*Tremendous additional income potential. 2nd floor has TWO rental apartments, plus additional +/- 2,200 square feet of unfinished space with expansion opportunities. *VERY well maintained the property. Newly sealed parking lot lined with 50 parking spaces. The amusement park is reopening this weekend after several years of being closed. The village is redoing the downtown

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.

Documents:

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