Rockland County, NY Waterfront Restaurant For Sale-28637

Rockland County, NY

Seller Financing Available
Rockland County, NY Waterfront Restaurant For Sale-28637

Asking Price:$425,000

Cash Flow:$50,000

Gross Revenue:$300,000

EBITDA:N/A

FF&E:$60,000

Inventory:$9,000*

Established:N/A

*not included in asking price.

Rockland County, NY Waterfront Restaurant For Sale-28637

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Business Description

Rockland County, NY Waterfront Restaurant For Sale-28637

Beautiful waterfront restaurant that sits on the Hudson river as its widest point. The restaurant has had a complete $500,000 renovation a year ago after it was closed due to damage by Hurricane Sandy. There have been 2 successful restaurants at this location for the last 30 years. The new renovation doubled the inside capacity to 75 seats and an additional 65 seats on the outside patio, with room to expand. The restaurant is 2600 sq. with a 1000 sq. outdoor patio. In addition there is a 2 bedroom 1500 sq. apartment on the 2nd floor above the restaurant that could be rented out for extra income. The restaurant has a 25 year lease with 23 years remaining. The rent is $2750 a month with 2% increase each year, The rent for the apartment is $1000 additional and is only due if being used. The restaurant is located near a village park and the village mountains with the parking lot and all areas surrounding the restaurant. There are boat slips for boats, a new 500 unit condo/townhouse waterfront complex. With this awesome lease and an owner with vision and motivation, the potential is unlimited. This business could be expanded with catering for weddings, Christenings and engagement parties. This business never will be replaceable. Please call 1-877-735-5224 for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Busines

Detailed Information

Inventory:
Not included in asking price
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
8% over 36 Months
Support & Training:
The seller will train the new owner.
Reason for Selling:
Other business interest.
Business Website:
http://www.vestedbb.com

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Vested Business Brokers, Ltd

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Vested Business Brokers, Ltd

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