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New Restaurant For Sale
Location: United States -> New York -> Pulaski
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Owner must sell. This is such a great deal at $299,900. It was listed for $399,999. Visit Margaritas-restaurant.com for current photos. Completely renovated from floor to ceiling 3,500 sq ft restaurant. Gorgeous. Owner has owned for 25 years. Dry basement for dry storage. 2nd floor has 5 fully rented apartments with leases. Income is $2,200 should be $2,800 a month, they are aware that rent increases coming. Rear entrance for deliveries. Mideavil doors on the front, with lighted soffitt. Two private wine rooms. Monthly income is $30,000+ off season in season $40,000+. The bar closes at 9pm with dining room, if you kept the bar open until 2am the proceeds would greatly increase. The bar generates $2,000 more a night on Friday and Saturday.

Breakfast is a grand idea too, as well as catering. Too much in this place to describe here. It was remodeled and re-opened to sell. This is a resort area year round on the salmon river and 2 miles to Lake Ontario. There is nothing wrong with this facility, the reason for selling is simple. The potential here is unbelievable. There is custom crafted arches, booths, a full tavern, a waterfall in the dining room, 5 baths, all separate utilities in the apartments, central air conditioning on the main floor, all new windows, doors & roof, apartments have separate utilities. NY lottery and liquor license is in place and operating. Leave the bar open until 2 am, we close at 9pm, breakfast would boom as well. We do no not do breakfast due to time restraints. 2 miles to beautiful Lake Ontario. Main st of historic Pulaski. We have a 2 year full page ad in the local hotel guide, that is paid for for the two years. Email or call at 315-382-3462 for more information on this restaurant for sale.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $350,000
Cash Flow:   $350,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $75,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2010
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Owner will stay to train and all staff will stay including chef.
Reason For Selling:  Owner needs to relocate closer to other business & partner.

Photos

View Larger Photo(s) Of Business
New Restaurant For Sale Photo 1 New Restaurant For Sale Photo 2 New Restaurant For Sale Photo 3




Print Listing Id: 700145691
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New York Businesses For Sale > New York Franchises For Sale > New York Business Brokers



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