Gourmet Food w 2 Stores and Apartment
Asking Price:   $485,000Inventory:   $5,000 ++
Gross Revenue:   $470,000 (comments below)Real Estate:   $400,000 ++
Cash Flow:   $96,000 (comments below)FF&E:   $50,000 ++
++ included in the asking price         ** not included in the asking price
Gross Revenue Comments: Constantly improving Sales
Cash Flow Comments: Includes ability to live and eat "free"
Established “country” full-service gourmet restaurant offers quality “fabulous food in a casual and friendly environment”, and has a two-bedroom owner’s apartment and satellite summer tourist focused Gourmet Deli Shop and Wine Shop that overlook Lake Champlain. A year-around business, it has exciting yet reasonable lunches, dinners, fine wines and catering. The restaurant is in a charming town in the northeast part of a tourist-special County in Upstate New York. Opened in 2004, the restaurant is near population centers of Plattsburgh, Burlington and the famous recreation areas of The Adirondacks, and the beauties and marinas of Lake Champlain. It serves numerous summer vacation visitors who come for its rural delights, and tourists who frequent the area’s scenic attractions.
The business is an established local landmark, growing, with comfortable cash based profit and sales. The demographics, location, business size and lifestyle amenities are all favorable to a very successful owner-operated full service restaurant that has good, congenial visibility for seasonal visitors and travelers. The summer shops offer an incremental profit potential. The facility is essentially new, and the staff is loyal, experienced and stable. There is potential for merely summer opening by someone wanting a seasonal business “near the lake”. This is a reasonably priced successful starter facility for a recent culinary grad or chef looking to step out on his own, and offers on-premises living “for free” in an area where lifestyle amenities abound.
2007 produced business cash flow to owner's of $ 90,000 on sales of $ 470,000. Offered turnkey by motivated sellers to a qualified-.for-local- financing food or hospitality person at $ 485,000, with buyer needing investment and working capital of about $ 90,000. Seller will assist in an efficient transition.
About the Business
Year Established:2004
Employees:6 full time - 4 part time
Facilities:The 3,500 square foot wood frame building is on .2 acres that front on a busy NYS road. It has interior seating for 60 diners that expand to 80 in the summer season when tables are set outside and on a dining terrace. The owner’s upstairs apartment has a full kitchen, two bedrooms, full bath and living/dining room. Completely renovated in early 2002-3, there is essentially a new kitchen, a spacious walk-in cooler and an ample wine cellar. The seasonal Wine Shop and the Deli Shop are in a nearby lakeside village with heavy summer tourist traffic, just above two active large marinas.
Market Outlook and Competition:One of very few quality eating establishments that supports boating and seasonal visitors to the attractive area on the western shore of Lake Champlain. Area is prime vacation territory, near Lake and Adirondacks, and has year around local clientele.
About the Sale
Reason For Selling:After extablishing this gourmet business and generating a regular clientele year around, the owner and his new family are looking to find a more high profile, larger facility that can challenge his culinary and managerial talents.
Seller Financing:Cash preferred, but property and business are easily financed due profit, momentum and location

KEYWORDS: Gourmet restaurant, lunch and dinner menu, deli shops, wine shop, apartment, three bedroom, quality menu, newly renovated, summer tourists


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Business Listed By
Don Caldera  |  Country Business Services
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