Bar & Café – Cash Cow! Albany County, NY

Price: $825,000

Location: Albany, NY

Industry: Food and Restaurants

Listing ID: 01212022

Great bar and food business in Albany, NY run by same owner for 40 years. Very popular place, always busy even during the pandemic. Excellent reviews, regulars and visitors to the area love this place. Friendly and reliable staff and great owner/manager keep this place running very well all year round 7 days a week.
Business is well known for having a wide, current variety of craft beers, growlers along with excellent food with takeout and table service offered. This is a local bar and café steeped with tradition, well-maintained and operating at today’s modern standards with a full staff supporting the owner’s efforts.
The kitchen prepares a menu of traditional pub food including appetizers, wings, soups and salads, burgers, wraps, sandwiches, and pizza customers love. Kitchen stays busy all the time.
Located within walking distance of many attractions in Albany County. This business has its own parking lot making it very easy for patrons to visit and park. Business is very well run with a history of strong cash flow and profits.
Owner is looking to retire. Real estate right of first refusal is included in the lease and property will be available in near future when seller fully retires. Consisting of row buildings and a parking lot. Business as well as properties all have excellent cash flow, are updated and in excellent repair. Properties include a total of 7 residential apartments plus the bar/restaurant. All fully rented except for one apartment the owner keeps for himself over the bar.

Listing Details

Gross Revenue: $1,050,000

Cash Flow: $281,000

FFE: $125,000 (Included in Price)

Inventory: $25,000

Reason For Sale:

Owner is seeking retirement.

Training & Support:

Seller will train and support to ensure a smooth transition.

Operation

Year Established: 1983

Days & Hours of Operation: 7 days a week

Owner Hours Per Week: 25

Employees: 5 f/t, 2 p/t

Managers: owner manages business but staff capable of running things day to day

Location

Lease Option: lease includes right of first refusal on real estate

Monthly Rent: 5000

Type of Location: Single location

Summary

Potential Growth:

There is plenty of room for potential growth and expansion.