Iconic Family Restaurant

Sylvan Beach, NY
Madison County

Famous Town on Oneida Lake


Asking Price: Annual Revenue:
$965,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Iconic Family Restaurant Broker: Michael Kinney
License #: CALL BROKER

Quick Facts

Asking Price: $965,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
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 exceptional reputation. This could have a huge luxury apartment above Plus this I could be a SBA loan 20 -30%down and term over 20 plus years There are tow apartments above .but do not have lease, new Owener. Could live here and build ou a even better home above. Put a\on. Deacon have coffee watching the lake . THsi would make a great family business as it was run that way for years.

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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 gorgeous lake view! Corner location with additional side entrance/exits. *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 property. Newly sealed parking lot lined with 50 parking spaces.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is not 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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