Tavern & Cafe, Albany County, NY/ SBA Pre Approval

Price: $400,000

Location: Albany County, NY

Industry: Food and Restaurants

Listing ID: 006221

SBA PRE-APPROVAL FOR FINANCING!

Best craft beers, growlers and pub grub around! This is a long established, highly regarded and very well-known neighborhood tavern that receives excellent reviews from patrons over and over again year after year. Located in an historic area, this business see regulars and walk-ins alike. They offer bar and table service managed by the same owner for the last 38 years.

Thirsty? This bar business offers a terrific and current selection craft beer and even growlers to take home in addition to all your traditional drinks and concoctions. A well-known watering hole steeped with tradition, well maintained, and operating at today’s modem standards.

Hungry? They prepare a very popular menu of traditional pub food including appetizers, wings, soups and salads, burgers, wraps, sandwiches and are also known to make some of the best pizza outside of NYC! Dine in or take out.

It is located in an historic area within walking distance of many attractions in Albany County. This business comes with its own parking lot making it very easy for patrons to visit this traditional style wood paneled bar and grill that is highly popular all year round. This is a great business, well run with a history of strong cash flow and profits. This is a chance to buy a profitable business and piece of local history_ Seller will also consider possible sale of real estate along with business. This opportunity could be totally self-sustaining for a new owner-manager while building equity for the future, ask me for

details.

Seller will provide hands-on training to ensure a smooth transition. The business is priced to sell with a highly motivated seller.

For more information, please contact me [email protected]

  • Asking Price: $4000,000
  • FF&E: $100,000 (included)
  • Annual Cash Flow: $140,000 (included)
  • Gross Revenue: $805,000
  • Inventory at Cost: $20,000 (not included)
  • Employees: 2 FT, 6 PT (plus owner/manager)
  • Monthly Payroll: $14,000
  • Down Payment: Negotiable
  • Open: 7 Days a week
  • Established: 1983

Reason for Selling: Retirement

Listing Details

Gross Revenue: $805,000

Cash Flow: $140,000

FFE: $100,000 (Included in Price)

Inventory: $20,000

Reason For Sale:

Owner is retiring.

Training & Support:

Owner will provide training and support.

Operation

Year Established: 1983

Days & Hours of Operation: 7 Days week

Non-Owner Payroll: $14,000

Employees: 2 FT, 6PT

Location

Type of Location: Single location

Summary

Potential Growth:

There is plenty of room for potential growth.