Catskill Mountain Bar & Restaurant on Scenic 3 Acre Property

Asking Price$299,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,059,978

Inventory$5,000
Not included in asking price
FF&E$150,000
Included in asking price
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Catskill Mountain Bar & Restaurant on Scenic 3 Acre Property


Asking Price$299,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,059,978

Inventory$5,000
Not included in asking price
FF&E$150,000
Included in asking price

Seller Financing Available
Business Description
This charming Catskill Mountain bar and restaurant nestled on a spacious 3 acre property boasts 50 foot ceilings, a cozy brick fireplace, an outdoor terrace with fantastic views, a full bar with 10 beer and 4 wine taps, a private dining room, and plentiful parking.

The location is 5 minutes from the Hunter Mountain ski resort and 2 hours from New York City. The facility includes potential onsite living quarters (upstairs) with 4 bedrooms and 3 baths for family or staff.
About the Business
Years in Operation
3
Facilities & Assets
This 5,972 square foot location leases for $8,010 per month (plus 6% rent over a $90k/month revenue breakpoint) on a lease until 5/31/32 with one 5 year option. All of the venue’s furniture, fixtures and equipment, which includes over $150k in recent investment, will be included in the sale. An estimated $5k in liquor inventory will be sold at cost at close.
Market Outlook / Competition
The competition, which is also located in this picturesque mountain setting, consists of several mountain-side eateries with their own unique take on rustic, locally sourced cuisine. Some venues operate on a seasonal basis.
Opportunities for Growth
This location has historically housed the highly successful Chateau Belleview Restaurant for over 30 years. New operators will wish to introduce a concept that capitalizes on the property’s terrace and outdoor property and its ability to host large events, including weddings and celebrations, in addition to catering to the celebrated bed and breakfast that is located directly adjacent to the property. Of course, they will also want to capitalize on the those that visit the picturesque community year-round for outdoor sports, eco-tourism, and skiing.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
5,972
Rent
$8,010.00 per month
Lease Expiration
5/31/2032
About the Sale
Seller Motivation
Personal
Transition Support
As negotiated
Financing Options
Seller may consider a small secured carry to facilitate an SBA loan
Listing Info
ID
2287124
Listing Views
1535

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Business Listed by: Ryan Clark The Veld Group

Listing ID: 2287124 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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