Restaurant, Banquet Hall "Potential for Bar/Nightclub" for Sale

White Plains, NY (Westchester County)

Building with Parking
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Asking Price: $200,000

Cash Flow: $120,000

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $5,000,000*

Established: 1992

*not included in asking price.

Restaurant, Banquet Hall "Potential for Bar/Nightclub" for Sale

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Business Description

9200 Sq.Ft Building with Parking in the heart of Nightlife in Downtown

Retail/Restaurant/ Medical in Downtown White Plains with Parking
Outstanding opportunity to own a retail, restaurant or medical establishment in a freestanding building in the central business district with parking. 4000 new residential units are proposed/constructed in the area. YMCA property across the street will have 173 upscale apartments. Close to Hospitals, Hotels, Colleges, Malls, Bus, Train, Highways and Airport.

Two story, owner occupied, retail building constructed in 1946, expanded 1998, 2004 (2nd Floor added) and renovated in 2006. The steel and masonry constructed structure has full basement, Elevator, 4 Restrooms, 2 Offices, 2 Large Commercial Kitchen, 3 Heating/AC rooftop units 20 ton, 12 ton, 10 ton, 2 Walk in Refrigerators, Freezers and equipment’s to operate high volume 200 seat restaurant. 14’ high ceiling on the 1st Floor, Outdoor Café Permit & Full Liquor License. The building currently has Deli/Restaurant on the 1st Floor, Large Banquet Hall & Sunroom on the 2nd Floor, 2 additional Party Rooms on the 1st and 2nd levels. The Parking is on the side and back of the building. Floor set up can be changed.

Detailed Information

Location:
White Plains, NY
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
9,200
Employees:
6
Facilities:
Two big kitchen with two walk ins, Freezers, Refrigerators, tables, chairs, and equipments to cook and serve large groups of people.
Competition:
Bars and restaurants in the area attract big crowd for food and nightlife. There is no deli or convenient store open late in the area.
Growth & Expansion:
Opportunity to generate additional business and income by extending hours and services in the deli, restaurant, party hall, meeting rooms and flexible space on demand
Support & Training:
The facility comes with longtime well trained staff.
Reason for Selling:
Retiring after 40 years in business
Business Website:
http://fairdealcafe.com
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Business Listed By:
Koshy Chacko

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