"Old Mill" Rustic Adirondack Restaurant Business For Sale in Old Forge, New York

"Old Mill" Rustic Adirondack Restaurant

Asking Price:	$1,450,000	Inventory:	$15,000 **
Gross Revenue:	$803,000	Real Estate:	$800,000 ++
Cash Flow:	Not Disclosed (comments below)	FF&E:	n/a
++ included in the asking price not** included in the asking price
Cash Flow Comments: financials available to buyer

Casual dining restaurant overlooking the Moose River in the heart of Old Forge, NY. With seating for 186 patrons, this 4 season resort restaurant features a "Timber Peg" bar/ lounge and deck overlooking the river. Known for it's large portions of everything from salad to steak and fine food you can expect to wait during peak seasons. Includes adjacent 2 BR home.

About the Business

Year Established:1959

Employees:7 full time - 3 part time

Market Outlook and Competition:Located in a four season resort are in the Central Adirondack Mountains in Upstate NY featuring lakes, fishing, boating, swimming, hiking, hunting, skiing and snowmobiling. Stable economic area within 5 hr drive of 3,000,000 people. Top grossing restaurant in area.

About the Sale

Management Training and Support:Owners will provide training and support.

Reason For Selling:Retirement

Seller Financing:Possible with $500,000. down-payment

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Business Listed By
William Rivet \| Rivet Realty View All of My Listings


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