Blue Jay Tavern and Banquet Hall

Rotterdam, NY (Schenectady County)

Seller Financing Available
Blue Jay Tavern and Banquet Hall

Asking Price:$369,999

Cash Flow:N/A

Gross Revenue:$237,478

EBITDA:$80,471

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:1973

Blue Jay Tavern and Banquet Hall

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Business Description

The same owner for 43 years, this established business includes the Real Estate, FF & E, and two rental (1 and two bedroom) apartments on the second floor.

Attached Documents


Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
10,320
Employees:
6
Facilities:
Well cared for facility with regular improvements and updates throughout. Re-paved lot, updated heating systems, updated electrical system, new windows, and updated roof coverings. Off street parking for 30 vehicles. 2 Rental apartments onsite for added income. Underutilized 3000 sf banquet hall offers increased potential for additional dining, special events, catering, or other accessory type business. Excellent street visibility. Property sits on a corner with side street access as well. Lot size (13,620 sf). Building age: 46 years. Natural Gas, Public water and public sewer on site. Commercial kitchen, basement, and plenty of storage.
Competition:
Broadway is a major street in the Schenectady area. This site offer an adult population density of 58,647 within a 3 mile radius. (source: 2015 US Census data, via Loopnet matrix)
Growth & Expansion:
Schenectady County is the recent focus of rapid development and a significant $1/2 Billion investment at the new Rivers Casino slated to open in 2017 and the Mohawk Landings Marina. Schenectady is also the center of notable business and large employers including: GE Power Systems, Golub Corporation, Knolls Atomic Power Laboratories, GE Research and Development, and others. 3 Miles radius boasts an adult population of 58,647 people. Rear 3000 sf banquet hall with a separate entrance offers unlimited potential for accessory business use.
Financing:
TBD
Support & Training:
Owner willing to stay on for training and assistance for a period of time.
Reason for Selling:
Retirement

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Alexander Psomas

Business Listed By:
Alexander Psomas

RealtyUSA

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