Very Popular Restaurant/Bar

Not Disclosed, NY
Oswego County

Asking Price: Annual Revenue:
$679,000 $625,055

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Very Popular Restaurant/Bar Broker: Scott McElhearn

Quick Facts

Asking Price: $679,000
Annual Revenue: $625,055
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: $350,000
FF&E: $75,000
Real Estate: $606,000
Year Established: 2007
Employees: 24
BBN Listing #: 833940071
Broker Reference #: 3569

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Business Overview:

~Supported by locals and tourists throughout the year
~Seating capacity of 96
~Plenty of parking spaces available
~The premises are very well maintained, landscaping is nicely manicured, and equipment is serviced regularly.
~The restaurant is well known for its high food quality and its consistency.

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Property Features and Assets:

3,500 square feet facility situated on 1.25 acres.

Market Competition and Expansion:

Competition: There are other restaurants in the area, but this one is rated very highly in every respect. Growth & Expansion: ~Opportunity to increase revenue by expanding the hours. Staying open later would attract a bar crowd at night. Serving breakfast should result in higher bottom line profits.

Reason for Selling:

The seller is ready to retire.

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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