Great restaurant concept may have to be moved

Remsen, NY
Oneida County

Remsen the gateway to ADK

Asking Price: Annual Revenue:
$295,000 $450,000

Food & Beverage: Catering, Food Preparation

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RE: Great restaurant concept may have to be moved Broker: Michael Kinney
License #: Call broker

Quick Facts

Asking Price: $295,000
Annual Revenue: $450,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $400,000
Real Estate: $1,200,000
Year Established: 2008
Employees: 5
BBN Listing #: 452740651
Broker Reference #: ICON 015

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Business Overview:

First of all this is a location you need to see to fully understand the full potential. This was a dream of current owner with no industry back grounds. But you would not know that to see it. I have been in foodservice over 50 years and this is very impressive to me. We could sell the business and all assets and simply rent the current location. The owner s have a very impressive system of keeping customer file and and current customers are from the New Hartford/Utica area. This operation in Major market area will do 1,5-1.8 million first year. you have to think this a concept that you could at some point Franchise. The outside sign alone cost $45,000 and that is part of the package. The owner have in over 1.2 million total. Invested, Owner very motivated make an offer!

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Property Features and Assets:

Go have have a couple of meals just didn’t talk about the sale to help. A feature is you will have 5 hours a year with my consulting company per year. Plus as broker we will help in finding that next location. If that is what you chose.. We will be posting photos soon!

Market Competition and Expansion:

The building is for sale for $695,000 buy-the building and $295,000 for business and make the other side a party room and don’t move restaurant. Many options after going to see the building I would love t have a private showing about the business and its future.

Reason for Selling:

Other Business interests.

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 may become a franchise resale opportunity.

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