This restaurant has been serving local favorites to the City of Albany for 22+ years. Over the years, the current owner established a great clientele base, but more importantly, an amazing and impeccable reputation. Prospective buyer can take the current concept and build on it, or they can put in their own concept. Current owner is willing to assist new owners, if the new owners requested so. In comparison to ongoing lease rates in the area, the lease is very favorable and extremely competitive. Per owner, the landlord is great to work with, willing and reasonable. LOTS OF UPSIDE! Currently open 6 nights a week, for a total of 29 hours only. Surrounded by a good mix of both residential and commercial buildings, opening for lunch, brunch, full bar & catering, will bring tremendous new growth opportunities. Behind the restaurant, ample space to put a charming outdoor dining area. In addition, a small cottage is included as part of the lease, great potential to turn into a private dining area, storage or even use as rental income. Thank you for checking out this amazing opportunity. Please lets us know if you have any further questions. Cheers!

General Info

  • OrganizationSole Proprietorship
  • Established1994
  • Current Owner1994
  • Employees5
  • Reason For SaleOther Interests

Facilities

  • Seating50
  • Square Feet1880+/-
  • ParkingStreet
  • LicensesBusiness, Health, ABC
  • Open HoursTuesday - Sunday 5:00 Pm - 10:00 Pm

Lease

  • Rent$3,450 All Inclusive
  • Expiration4/30/2023
  • Yearly IncreaseMonthly Rent Increases by $200.00 Every 2 Years
  • OptionNegotiable
  • DepositContact For Info

Financials

  • Monthly Revenue$25,000
  • Monthly Cash FlowContact For Info
  • Annual Revenue$300,000
  • Annual Cash FlowContact For Info
  • Payroll$Contact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location