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Established Restaurant, 175K cash flow
for sale in NY

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Listing Number: 3220


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.

Listing Broker

Ron DeMara Jr.

Ron DeMara Jr.

Phone: 845-355-7045

  • Category: Service Businesses
  • Sub-Category: Restaurants
  • Asking Price: $330,000
  • Gross Sales: $1,049,000
  • Cash Flow: $175,000
  • County: NULL
  • Area: Hudson Valley
  • FFE: $100,000
  • Inventory: $30,000
  • Real Estate: $0
  • Employees: 10 - Full-Time 4 - Part-Time
  • 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.
  • Relocatable? No
  • Home Based? No
  • Market Notes: 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.
  • Growth Notes: 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.
  • Support Training: The seller will stay on for transition. Time period is negotiable.
  • Year Established: 2002
  • Financing Terms: The Restaurant qualifies for SBA bank loan: 20% down.
  • Reason for Selling: Retirement
  • Inventory Included: No
  • Is Franchise Yes
  • Lender Prequalified No
  • Absentee Owner No
  • Selling Financing? No
  • Is FEE Included? Yes