Beautiful cafe/bistro/bar in 100 year old bank

Phoenix, NY
Oswego County

Historic upstate NY canal side village location

Asking Price: Annual Revenue:
$99,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Beautiful cafe/bistro/bar in 100 year old bank Broker: Seller of Business
Owner Financing is Available!
50% down, remainder due over 48 months at 1.75% APR

Quick Facts

Asking Price: $99,000
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: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 775862391
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

Check out this just finished build-out--a full service cafe/bistro/restaurant/taproom/bar in a 103 year old completely renovated brick building, a former bank, in the historical canal side village in upstate NY. Building in immaculate condition. Just completed 400k renovation top to bottom. Both vaults are still there--the perfect place for beer, wine and liquor. This restaurant overlooks the Oswego Canal, where many boats, from barges to kayaks to yachts, travel between May and October. You can dock your own boat up right here and walk 60 feet to your new restaurant. What will you call it?

On the ground floor is a 48 seat dining room/bar/cafe, fully licensed commercial kitchen, 2 ADA baths. 50 seat fenced patio, and an attached 2 story 500sf deck with additional seating for 24. There is a new 22 vehicle blacktop parking lot, with plenty of free off street parking. The property sits in-between the canal, a small hospital, an antique seller, a full spa, sports bar, distillery, marine sales, and numerous other businesses. Directly across the street from LOCK 1 of the Oswego Canal, which is home to one of the few remaining vehicle drawbridges, and Island Park which can be reached by crossing the canals foot bridge, or driving 30 seconds around the corner over the drawbridge. All summer you will hear the bell ring, which notifies the lock staff to open the canal, lower the water, and raise the bridge. Traffic patiently waits and the bridge is lowered. Watch it all from the deck as the sun sets in the background. At the other end of the block is Henley park, where live music plays a few time a week, all season long. Numerous festivals are held in the village during the year that draw huge crowds.

Purchase of the restaurant business includes everything needed to open tomorrow. Kitchen has ansul system, 6 foot hood system, flat top, char broiler, freezers, coolers, steam table, counter, double stacked blodgett convection oven, 15k espresso machine, dish machine, 3 bay sink. Custom built 14' copper top bar. Basement storage. Kitchen Licensed and ready to launch. You'll need liquor, if you want it. We will assist.

Located in leased space. 1500 per month rent includes gas and electric. Lease terms negotiable with sale of business.
Lease without purchase for 12k down and 2500 per month for between 2-5 years.

Call me anytime for more details. Inside pics available. Second floor is currently a 3 bed, 1.5 bathroom penthouse which is available for rent as well to qualified applicants.

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Property Features and Assets:

Includes all kitchen equipment, bar and counter, appliances, POS, 10 beer taps, plates, cups, tables, chairs, utensils etc etc. 1 year of custom designed website, domain, online ordering included. Owner will train you on the POS and website management. They will manage theses systems after the one year for a nominal fee if you choose. Great opportunity for the right person or people.

Market Competition and Expansion:

This is a blank canvas for your vision, a turn key establishment ready to go in a one of a kind building in a beautiful area. Owner is an F&B pro who wants new owner to succeed and will do whatever the can to help open you new establishment. The buzz is building around here--locals cannot wait for new eatery!

Reason for Selling:

time constraints with other businesses

Additional Details:

  • The property is leased.
  • 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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