Restaurant Business for Sale in Albany, NY

Albany, NY

Seller Financing Available

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Asking Price:$190,000
Rent:$3,700/Month
Cash Flow:$120,000
Established Year:2016
BUSINESS DESCRIPTION

Asking Price: $190,000
Location: Albany, NY
Ownership: Single-owner LLC, taxed as S-Corp
Seller Financing: Available for 50% of the sale price, payable over 10 months

Business Overview:
A well-established restaurant since October 2016 in the heart of Albany, NY, is now available for sale due to the owner relocating out of the area. This turnkey opportunity comes with a fully equipped kitchen, inviting ambiance, and a dedicated team of five loyal employees, most of whom have been with the business for five years.

Key Details:

Lease: Current lease through 2027 with a monthly rent of $3,700. The landlord is open to transferring the lease to a new owner.
Furniture & Equipment: Included in the sale, valued between $100,000 - $120,000.
Seller Financing: Flexible payment option for 50% of the sale price, payable over 10 months.
Operating Hours: Open Wednesday to Sunday, 5 PM - 9 PM, totaling 20 hours weekly, with significant potential for expanding hours and increasing revenue.
Staffing: Experienced, loyal team ready to stay on with the new owner; current owner can provide 2-4 weeks of training for a smooth transition.
Financials:

Recent financial documentation is available upon request, including 2022 and 2023 K-1s.
This is an ideal opportunity for an owner-operator looking to take over a well-run business with strong community roots, excellent growth potential, and a ready-to-go team.


DETAILED INFORMATION
Location
Albany, NY
Inventory
Included in asking price
Real Estate
Leased
Lease Expiration
06/09/2027
Employees
5
Facilities
New buyer will acquire all the furniture and equipment, estimated value would be 100-120K
Competition
Very well established in the area with strong clientele
Financing
Seller Financing: Available for 50% of the sale price, payable over 10 months
Support & Training
Up to 4 weeks on hands-on training
Reason for Selling
Owner moved to a different city
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John
Usmanov
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John Usmanov