Restaurant and Catering with Property in Westchester County

Westchester County, NY

Restaurant and Catering with Property in Westchester County

Asking Price:$3,200,000

Cash Flow:$400,000

Gross Revenue:$1,600,000




Real Estate:$1,600,000


Restaurant and Catering with Property in Westchester County

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Business Description

This is a special opportunity to acquire an upscale restaurant in Westchester County with property and rental income. A large portion of this restaurant’s income is generated from catered events in the beautiful dining area and outdoor dining area. The owner’s home is also located on the property and is included in the sale. All of the living expenses of running the home are absorbed into the restaurant’s P&L so the owner truly lives with no living expenses and has a restaurant producing over 400K in earnings. The owner of the restaurant has always lived on this beautiful property, but the home is zoned commercially and can be converted to professional offices such as law or accounting offices, offering an owner more rental income. The restaurant has short hours, is closed 1 day a week and is only open for dinner, except for private parties. There is also an additional rented apartment above the restaurant. The grounds are beautiful and offer the opportunity for an owner to expand into larger catered affairs. This is a cash flow machine with property and the ability to expand. If you are looking for a profitable restaurant in an affluent neighborhood with the added bonus of living expense free with no commute, this may be the perfect business for you. Call about listing number #11994

Detailed Information

Real Estate:
Included in asking price
Building Sq. Ft.:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price

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Ken Stein

Business Listed By:
Ken Stein

The Kensington Company

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