MergerPlace

Established Restaurant,175K cash flow NY

Middletown, New York (Orange)


  • Asking Price: $330,000
  • Gross Income: $1,049,000
  • Cash Flow: $175,000
  • Real Estate: Not Disclosed
  • Inventory: $30,000
  • FF&E: $100,000
  • Listing ID: #200739
  • Established: 2002
  • Employees: 10 FT - 4 PT

Business Description

Established Restaurant has an indoor area that seats 125 and an outdoor patio that seats 30 and a bar that seats 12. 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.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: New York
Metropolitan Area: Middletown
County: Orange

Company Information

Year Established: 2002
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 10 FT - 4 PT

Financial Information

Asking Price: $330,000
Gross Revenue: $1,049,000
Cash Flow: $175,000
FF&E: $100,000
Inventory: $30,000
Seller Financing Available: Yes

Property Information

Facilities:

Approximately 4,500 square feet and a full basement. Features large commercial kitchen, 4 bathrooms, full basement with wine cellar, large storage area, 2 walk-in coolers, prep areas, 2 bars, 3 dining rooms and an outdoor patio.

Growth & expansion opportunities:

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.

Competition:

This is located in Middletown and serves both Middletown and the surrounding areas. Frequented by doctors, lawyers and prominent 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.

Reason for selling:

Retirement

Support & Training:

The seller will stay on for transition. Time period is negotiable.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Ron DeMara

Capital Business Solutions