Waterfront Restaurant For Sale-28637

Rockland County, NY
Rockland County

Asking Price: Annual Revenue:
$425,000 $300,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Waterfront Restaurant For Sale-28637 Broker: Nathan F. Goldstein
Owner Financing is Available!
$200,000.00 Down & $balance at 8% over 36 Months.

Quick Facts

Asking Price: $425,000
Annual Revenue: $300,000
Net Profit: Not Disclosed
Cash Flow: $50,000
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 12
BBN Listing #: 75764447
Broker Reference #: 28637

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Business Overview:

Beautiful waterfront restaurant that sits on the Hudson river as its widest point. The restaurant has had a complete $500,000 renovation a year ago after it was closed due to damage by Hurricane Sandy. There have been 2 successful restaurants at this location for the last 30 years. The new renovation doubled the inside capacity to 75 seats and an additional 65 seats on the outside patio, with room to expand. The restaurant is 2,600 square feet with a 1,000 square feet outdoor patio. In addition there is a 2 bedroom 1,500 square feet apartment on the 2nd floor above the restaurant that could be rented out for extra income. The restaurant has a 25 year lease with 23 years remaining. The rent is $2,750 a month with 2% increase each year, The rent for the apartment is $1,000 additional and is only due if being used. The restaurant is located near a village park and the village mountains with the parking lot and all areas surrounding the restaurant. There are boat slips for boats, a new 500 unit condo/townhouse waterfront complex. With this awesome lease and an owner with vision and motivation, the potential is unlimited. This business could be expanded with catering for weddings, Christenings and engagement parties. This business never will be replaceable. Please contact us for further information.

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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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