Location: New York
Industry: Food and Restaurants
Listing ID: 00525
Great Income and Equity Builder! Come to visit traditional 12 room Bed & Breakfast in the Rolling Hills of Rensselaer County, NY to relax and enjoy the local surroundings in this quite and beautiful suburb outside of Albany, NY. This popular retreat offers the warmth and comfort of great hospitality, fine dining and provides privacy. It is easy to get to and near lots of things to do for shopping. Recreation sightseeing, skiing, hiking, swimming, and more. Close to Saratoga, Albany, Berkshires and Adirondacks. Great place to come and stay just to unwind for a few days or for a great authentic Italian meal.
Husband and wife owner operators have run this business very well for the past 21 years. It has great reputation for providing fine dining and hospitality in the region. The B&B is consists of 12-bedroom suites all with private bathrooms, modern décor & great aesthetics. There is common living room area and several dining rooms for different atmosphere and dining experiences. It has an attached restaurant & bar with a rustic theme and wood fired oven that offers both fine dining and more causal fare. The owner is a highly trained master chef who prepares exquisite, authentic Italian cuisine for guests and the wife manages the Inn guests and hospitality. The restaurant is highly popular with both B&B guests as well as local patrons.
This is a turnkey opportunity for the new owners to take over and immediately begin earning excellent current income and building equity for the future. This self-sustaining lifestyle business has available real estate consisting of a 2800 square foot 3 bedroom, 2-bath owner’s private home as well as the 12 – room Country Inn and Restaurant that sits on a little over 1 acre. Property is in excellent condition inside and out. There is plenty of onsite parking with private yard and garden as well as an outdoor patio to enjoy the country air and atmosphere. Owners are looking to retire after a successful career and will stay on to provide training as necessary for a proper transition. This area is great place to live and work with easy access to everything.
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: $400,000
Annual Cash Flow: $150,000
Gross Revenue: $614,000
Inventory at Cost: $22,000
Employees: 6 to 8 Kitchen and wait staff plus (chef) & wife (manager)
Monthly Payroll: $6000
Down Payment: Negotiable
Hours of Operation: B&B 24/7 Restaurant 4PM to 10PM, closed Tuesdays
Real Estate Available
Reason for Selling: Relocating.
Gross Revenue: $614,000
Cash Flow: $150,000
Training & Support:
Owner will provide training and support.
Year Established: 1984
Days & Hours of Operation: B&B 24/7, Restaurant 4PM to 10PM, Closed Tuesdays
Non-Owner Payroll: $6,000
Employees: 6 to 8 Kitchen and wait staff
Type of Location: Single location
Real Estate available.
There is plenty of room for potential growth and expansion.