Schenectady NY Diner - Restaurant - With Property

Albany, NY
Albany County

Asking Price: Annual Revenue:
$2,800,000 $6,000,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Schenectady NY Diner - Restaurant - With Property Broker: Henry GALASSO

Quick Facts

Asking Price: $2,800,000
Annual Revenue: $6,000,000
Net Profit: Not Disclosed
Cash Flow: $800,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 829635273
Broker Reference #: 11969

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Business Overview:

Check out this Famous Diner / Restaurant which also has a Bakery on the same property is now on the market. Located on one parcel is a 6000 sq ft Diner which grosses $5M in sales and a seperate building which has a 2,300 square feet Bakery that brings in another $1M in sales at a combined net of $900,000. Business , building and property is turn key ready to go at a great price. Current owner of 45 yrs is ready to retire. He has so much confidence that with a qualified buyer he will stay on for as long as needed. Property is 1.5mm in addition to the Restaurant Price.

Bakery 2,300 square feet - $1M Gross Sales 10 Employees / Diner 6,000 square feet - $5M Gross Sales 60 Employees. A huge upside to this location is that the current owners have not touched the Distribution Market outside of their area.

Both locations very well maintained with all equipment in Excellent condition. Computerized ordering system for food tickets at each station in the Diner Kitchen. Over $1.5M in just equipment at these locations. Also included in the sale : 2020 Refrigerated Van & 2012 Box Truck

Contact Joseph Mesi Or Henry Galasso for info. Please have proof of funds available.

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Reason for Selling:

Other business interests.

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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