Business For Sale

Established Restaurant, 175K cash flow in New York

Middletown, NY
Orange County


Asking Price: Annual Revenue:
$330,000 $1,049,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Established Restaurant, 175K cash flow in New York Broker: Ron DeMara
Owner Financing is Available!
The Restaurant qualifies for SBA bank loan: 20% down.

Quick Facts

Asking Price: $330,000
Annual Revenue: $1,049,000
Net Profit: Not Disclosed
Cash Flow: $175,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2002
Employees: 14
BBN Listing #: 6775344
Broker Reference #: 3220

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Business Overview:

Established restaurant has an indoor area that seats 125 and an outdoor patio that seats 30 and a bar that seats 12. Outdoor area has waterfall and gas burning fire pit. The restaurant, which focuses on fine dining, added an additional bar and created a separate speakeasy style bar , with a seating area, offering casual fare. There is anextensive and innovative cocktail and wine program. Great opportunity for a chef to bring his own flare.

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Property Features and Assets:

Approximately 4,500 Square feet and a full basement. Features large commercial kitchen, 4 bathrooms, full basement with wine cellar, large storage area, 2 walk-in coolers, prep areas, 2 bars, 3 dining rooms and an outdoor patio.

Market Competition and Expansion:

This is located in Middletown and serves both Middletown and the surrounding areas. Frequented by doctors, lawyers and prominent business people in the area. The restaurant is a favorite of pharmaceutical companies. Facilities for private parties, baby and bridal showers, rehearsal dinners and pharmaceutical dinners. There are several opportunities for growth. Both on premise and off premise catering can seek significant expansion. The speakeasy lounge has great potential to expand and improve. Bar revenue can also be an area for growth. Take out or delivery can be expanded. Social event and themed events can be added.

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.

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