Donoli's Restaurant and Banquets

Apalachin, NY
Donoli's Restaurant

Seller Financing Available

Asking Price:$490,000
Gross Revenue:$1,400,000
Rent:$2,600/Month
Cash Flow:$200,000
Inventory:$30,000
Established Year:1989
BUSINESS DESCRIPTION

Family owned Italian American bar/restaurant/banquet room.

Established 1989 by current owner/operator retiring after 35 year. Owner financing available.100% turn key. Remodeled in 2020: led lighting, ceiling fans, new beautiful granite bar, all new flooring, new draft keg coolers, bottle beer and wine 3 glass door cooler. freshly painted thru out and much more. Great location. 22 kw back up generator. Toast POS system. ATM, lottery license ,NYSDOT signs on highway 86.Currently 28 employees with a 401k plan in place and employer matched weekly. All equipment, signs ,walk in coolers and freezers, ice machine, plate ware etc. Land scaping and more included in sale price.. Ample parking,1 level with lots of storage. Looking for the next generation /owner to carry on Donoli's Restaurant.


DETAILED INFORMATION
Location
Apalachin, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
12,000
Lease Expiration
31/12/2035
Employees
28
Facilities
1 level ,large parking lot, plenty of storage room. 10 year new lease will be included with sale. Outside patio seating with a gazebo .Security system with 16 online cameras and DVR
Competition
Great location with a very large customer base
Growth & Expansion
There is growth opportunity to expand banquet room business from entertainment to offsite catering etc.
Financing
7 year 8.5% interest.
Support & Training
Training/recipes and transition available
Reason for Selling
Retiring after 35 years

BUSINESS LOCATION
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scott fargnoli
scott fargnoli