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 is also available and priced separately. Consisting of row buildings and a parking lot. Buy the business by itself or include one or more of the properties. All with excellent cash flow and in very good condition, updated and in excellent repair. Properties include a total of 7 residential apartments plus the bar/restaurant. All fully rented.
Gross Revenue: $1,000,000
Cash Flow: $200,000
FFE: $100,000 (Included in Price)
Reason For Sale:
Owner is seeking retirement.
Training & Support:
Seller will train and support to ensure a smooth transition.
Type of Location: Single location
There is plenty of room for potential growth and expansion.