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Diamond in the rough for sale in Hudson Valley, New York
Diamond in the rough
Hudson Valley |
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Restaurant with 3 big catering rooms plus a 3 family rental property on almost 2 acres of land. This building used to be an inn years ago. It has a great historic look plus beautiful grounds. Restaurant has been fully renovated and looks great. Catering rooms were started but need to be completed. Place needs a real restaurant operator. Current owner does not have any restaurant experience. A person who can run a restaurant and catering business will do a huge business. In addition to the restaurant, they also have a 3 family rental property on the grounds that generates over $36,000 in annual revenue. If you always wanted to run a restaurant and own the property, then this place is for you. We can also provide financing, so you do not necessarily need a huge down payment. |
Listing Number: 143
Morris Cohen - Listing Broker
122 Ogden Avenue, Dobbs Ferry, NY 10522
Telephone - (914) 674-9580
E-mail -
mcohen@capitalbbw.com
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| Category |
RETAILING BUSINESSES |
| Sub-Category |
Restaurants |
| Asking Price |
$1,250,000 |
| Gross Sales |
$0 |
| Cash Flow |
$0 |
| FFE |
$175,000 |
| Inventory |
$0 (Inventory NOT Included) |
| Real Estate |
$1,250,000 (Real Estate IS Included) |
| Employees |
0 - Full-Time
0 - Part-Time |
| Facilities |
The restaurant and catering rooms are in an 11,000 square foot building. The building has 3 floors. The restaurant and one catering room are on the first floor. Two more huge catering rooms and an office are on the second floor and there is an apartment on the 3rd floor. They also have 2 kitchens, an everyday kitchen for the restaurant and a catering kitchen for catering. The restaurant section, which was recently fully renovated, is 2,500 square feet and seats 100. They have outside dining and is a great place to hold outdoor weddings or parties. |
| Relocatable? |
(Is Not Relocatable) |
| Home Based? |
(Is Not Home Based) |
| Market Notes |
There is always competition, but this place is set on a nice piece of property and everything in the building is new and will be new when completed. People always want to go to a new restaurant or use a catering hall that was just renovated or just built. As long as your food is good, you should have a huge advantage over the competition. |
| Growth Notes |
Tremendous opportunity for a real restaurant operator. Growth is unlimited. The area keeps growing and more and more people are looking to hold their parties and weddings up in the beautiful historic Hudson Valley, instead of Westchester and the city. |
| Support Training |
Owner will provide whatever is needed. Staff is willing to stay on and work for new owner. |
| Year Established |
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| Financing Terms |
We can provide financing |
| Reason for Selling |
Owner is not a restauranteer. |
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