Verdiles Restaurant

Asking Price$599,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$599,000
Included in asking price
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Verdiles Restaurant


Asking Price$599,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$599,000
Included in asking price
Business Description
Mixed Use Restaurant
Exceptional opportunity to acquire Verdile's Restaurant, a long-standing Lansingburgh property with over 80 years of community presence. Located in a COR (Commercial Office Retail) mixed-use zoning district, this property allows for restaurant, retail, office, medical, professional services, or mixed-use residential/commercial applications (subject to approval). The sale includes all FF&E for a turnkey restaurant operation. Features include a commercial kitchen, dining space, large parking lot, extensive basement storage, and a 3-bedroom apartment above for owner occupancy or rental income. Includes vacant lot at 12 115th St across the street, offering added development or expansion potential.
All roof sections replaced with rubber roofing in 2020-2021 with a transferrable lifetime warranty through Full Coverage Contracting Inc. All siding was replaced in 2020-2022. New interior flooring was installed in the dining room. bar area, and front entrance in 2019. New chandelier lighting was installed in the dining room in 2019. Extensive plumbing upgrades were completed in 2021, and a new energy on-demand hot water tank was installed in 2021 (Green's Heating). New blacktop paving of the main parking lot was completed in 2021 (Barrett Blacktop). Exterior front entrance glass replaced in 2019 by Quality Glass (all overlay art decals on glass are not permanent and can be removed by Sign Studio installer).Verdile’s business can be bought separately for an additional $149,000. Recipes, local awards, elected official acknowledgements/resolutions, and all social media channels included. It has 5,900 followers on Facebook, 1,400 friend postings, is 94% recommended, and has 651 reviews. It has a 4.5 out of 5 start Google rating with 7,355 customer interactions, 94,000 views, 47,000 searches, 625 reviews, and 1,424 direct calls made from Google. It also has an established email distribution list of approximately 3,000 customers. The building and business is designated on the New York State Historic Preservation Registry and the Central Lansingburgh Historic District (both designations are transferable). It is also a participant in the Main Street Technical Assistance Grant. These designations enable tax credits for certain repairs.
About the Business
Years in Operation
83
Employees
15 Full-time
Facilities & Assets
All FF&E included in the sale
Website
https://www.verdile.com/about
Real Estate
Owned or Leased
Owned
Included in asking price
About the Sale
Seller Motivation
Retiring
Transition Support
Owner will stay on for an agreed-upon time to help with a. smooth transition.
Financing Options
SEE NOTES
Listing Info
ID
2489721
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