Full-Service Restaurant And Tiki Bar
Not Disclosed, NY Not Disclosed
Seller's Contact Information
- RE: Full-Service Restaurant And Tiki Bar
- Contact: Thomas Vondell
Quick Facts
| Asking Price: | $399,000 | |
| Annual Revenue: | $735,326 | |
| Net Profit: | $199,727 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $42,681 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1973 | |
| Employees: | 26 | |
| BBN Listing #: | 270260184 | |
| Broker Reference #: | 215-22132 |
Business Overview:
Fun, Prestigious, Restaurant and Tiki Bar first established in 1973, updated and renovated with an Island Groove and new outdoor patio dining! For many years we operated 365 days a year and opened for lunch, dinner, and late-night cocktails. Outstanding numbers for being open 6 months a year! 160 capacity w/50 Paved parking spots. The Business has a solid history of profitability and is very scalable with an exceptional reputation and goodwill expanding over 50 years. We have long lasting relationships and friendships with customers from all over the world!
We established in Sylvan Beach because of its prime location, and it is a popular tourist & business area that continues to expand with multiple major generators. Local significant attractions are The Lake House Casino, Sylvan Beach Amusement Park, Marinas, and The Cove.
We are only 10 mins away from The Turning Stone Casino, Boxing Hall of fame and NYS Thruway Exit 34. BOOMING Sylvan Beach is centrally located between Syracuse and Utica, a short drive or boat ride from local cities and strong market from Binghamton & Rochester areas as well. The Real Estate Is also for sale for $400,000 and has 2 Apartments. For more detailed information, please contact listing agent Thomas Vondell.
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Property Features and Assets:
This listing is owned property with property price of $400,000 not included in the asking price. Seller is active with 6 Full Time and 20 Part Time employees. Hours of open are 4pm Tuesday to Friday, 3pm Saturday and 1pm Sunday. $42,681 in FF&E. Liquor license required.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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