LAKE GEORGE, New York
| Asking Price |
$1,700,000 |
Year Established |
|
|
| Annual Revenue |
$1,200,000 |
Reason for Selling |
|
|
| Annual P/L |
$0 |
Attention |
|
|
| Annual Cash Flow |
$262,360 |
Listing Number |
985529 |
|
| # of Employees |
|
Business Category |
Commercial Real Estate: Retail & Shopping Centers |
|
Business Overview:
Seize the rare opportunity to own a legendary restaurant with a remarkable 70-year history of continuous family ownership in Lake George, New York. This free-standing property boasts a stunning main dining room, a terrace dining area, a cozy bar, and a state-of-the-art kitchen equipped with impeccably maintained stainless-steel appliances.
Mario’s is a cherished icon, adored by locals and visitors year-round. Situated on a spacious .41-acre lot, the property includes ample parking, a full dry basement with extensive storage, refrigeration, and an on-site commercial laundry facility for linens and uniforms. Additionally, the second floor features a spacious three-bedroom owner’s apartment and office, offering both convenience and comfort.
With a solid track record of success and impressive financials, Mario’s still holds untapped potential. A fresh approach to the menu and décor could elevate this already thriving business to new heights. The retiring owners have lovingly operated this iconic restaurant for generations, making this an exceptional opportunity to carry on their legacy and bring your vision to life.
FACILITY:Freestanding building
PARKING:21 dedicated spots
EQUIPMENT:The equipment is in excellent condition and has been well maintained.
CONCEPT:Italian Restaurant
SIZE:5,630 square ft. building; 17,859 total sq.ft.
SEATS:160-person capacity
HOURS:Open Thursday-Monday at 4p
LICENSES:Full Liquor License
SALES:$1,200,000 in 2024
CASH FLOW:$262,360 SDE
ASKING PRICE:$1,700,000 (For the Business & Real Estate)
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity