Saratoga NY Restaurant & Entertainment Venue
Business Description
This is an exceptional year-round restaurant opportunity with real property in one of upstate NY's prime resort regions. Review these highlights:
- Impressive Revenue Growth: Annual revenue has grown to $3.5 million, with additional seasonal boosts driven by outdoor entertainment and high-margin drink sales.
- Profit Centers: Food is 61% of revenue, Liquor is 15%, with the balance being bottled, draft beer and some non-alcoholic beverages.
- Margins: Gross profits in food are 61%, with alcoholic beverages ranging from 71% to 76% depending on category.
- Enhanced Facilities: A recently added facility expansion caters to smaller reserved parties and meetings thus opening new revenue streams and increasing versatility.
- Prime Location: Situated in a convenient area, this restaurant enjoys excellent visibility, accessibility, and strong local, regional and tourist patronage.
- Turnkey Operation: The business features modernized facilities and infrastructure, requiring no immediate capital investment after the real property acquisition.
- Real Property & Building: The restaurant facilities occupy approximately 6,400 sq.ft. on over 4 acres with very ample paved parking.
Email/call for an NDA.
- Impressive Revenue Growth: Annual revenue has grown to $3.5 million, with additional seasonal boosts driven by outdoor entertainment and high-margin drink sales.
- Profit Centers: Food is 61% of revenue, Liquor is 15%, with the balance being bottled, draft beer and some non-alcoholic beverages.
- Margins: Gross profits in food are 61%, with alcoholic beverages ranging from 71% to 76% depending on category.
- Enhanced Facilities: A recently added facility expansion caters to smaller reserved parties and meetings thus opening new revenue streams and increasing versatility.
- Prime Location: Situated in a convenient area, this restaurant enjoys excellent visibility, accessibility, and strong local, regional and tourist patronage.
- Turnkey Operation: The business features modernized facilities and infrastructure, requiring no immediate capital investment after the real property acquisition.
- Real Property & Building: The restaurant facilities occupy approximately 6,400 sq.ft. on over 4 acres with very ample paved parking.
Email/call for an NDA.
About the Business
- Years in Operation
- 15
- Facilities & Assets
- The purchase includes land, buildings, improvements, machinery & equipment plus other furniture and fixtures. Internal restaurant/bar space covers appximately 4,800 sq. ft. with additional seasonal venues of about 1,600 sq.ft. plus additional storage. Paved parking is provided for appx. 100 vehicles. All assets are in excellent condition.
- Opportunities for Growth
- Recent facility expanson allows for increased revenue from smaller catered events. Seasonal facilities allow for continued growth.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- Retirement
Listing Info
- ID
- 2338919
- Listing Views
- 1123
Listing ID: 2338919 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.
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