Restaurant with Real Estate – Lake George

Asking Price$1,700,000

Cash Flow
$262,360
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,200,000

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

listing imageSave

Restaurant with Real Estate – Lake George


Asking Price$1,700,000

Cash Flow
$262,360
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,200,000

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
Seize the rare opportunity to own a legendary restaurant with a remarkable 70-year history of continuous family ownership in Lake George, New York. This free-standing property boasts a stunning main dining room, a terrace dining area, a cozy bar, and a state-of-the-art kitchen equipped with impeccably maintained stainless-steel appliances.

Mario’s is a cherished icon, adored by locals and visitors year-round. Situated on a spacious .41-acre lot, the property includes ample parking, a full dry basement with extensive storage, refrigeration, and an on-site commercial laundry facility for linens and uniforms. Additionally, the second floor features a spacious three-bedroom owner’s apartment and office, offering both convenience and comfort.

With a solid track record of success and impressive financials, Mario’s still holds untapped potential. A fresh approach to the menu and décor could elevate this already thriving business to new heights. The retiring owners have lovingly operated this iconic restaurant for generations, making this an exceptional opportunity to carry on their legacy and bring your vision to life.

Please do not approach the staff - contact listing broker for showings.

FACILITY: Freestanding building
PARKING: 21 dedicated spots
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
CONCEPT: Italian Restaurant
SIZE: 5,630 square ft. building; 17,859 total sq.ft.
SEATS: 160-person capacity
HOURS: Open Thursday-Monday at 4p
LICENSES: Full Liquor License
SALES: $1,200,000 in 2024
CASH FLOW: $262,360 SDE

ASKING PRICE: $1,700,000 (For the Business & Real Estate)
About the Business
Real Estate
Owned or Leased
Owned
Included in asking price
Listing Info
ID
2327094
Listing Views
1433
Business Location

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Todd Smith Corbett Restaurant Group

Listing ID: 2327094 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


Similar Listings