Established Restaurant, 175K cash flow in Hudson Valley, NY

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Asking Price:
$330,000

Gross Revenue:
$1,049,000
Cash Flow:
$175,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$30,000
included in asking price

FF&E:
$100,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This established restaurant has an indoor area that seats 125 and an outdoor patio that seats thirty and a bar that seats twelve. Outdoor area has waterfall and gas burning fire pit. The restaurant, which focuses on fine dining, added an additional bar and created a separate speakeasy style bar , with a seating area, offering casual fare. Extensive and innovative cocktail and wine program. Great opportunity for a chef to bring his own flare.

About the Business

Year Established:
2002
Number of Employees:
10 FT- 4 PT
Real Estate:
Owned
Building Sq. Ft.:
4,500
Facilities:
Approximately 4,500 sq ft and includes a full basement. This restaurant features a large commercial kitchen, 4 bathrooms, full basement with wine cellar, large storage area, 2 walk-in coolers, prep areas, two bars, three dining rooms and an outdoor patio.
Market Outlook/
Competition:
This is located in Middletown and serves both Middletown and the surrounding areas. Frequented by business people in the area. The restaurant is a favorite of pharmaceutical companies. Facilities for private parties, baby and bridal showers, rehearsal dinners and pharmaceutical dinners.
Growth & Expansion:
There are several opportunities for growth. Both on premise and off premise catering can seek significant expansion. The speakeasy lounge has great potential to expand and improve. Bar revenue can also be an area for growth. Take out or delivery can be expanded. Social event and themed events can be added.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
The seller will stay on for a smooth transition. Time period negotiable.
Seller Financing:
The Restaurant qualifies for SBA bank loan: 20% down.

Listing Info

ID:
1389186
Ad Detail Views:
288

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Business Listed by

Capital Business Solutions

CAPITAL BUSINESS SOLUTIONS

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