Restaurant Business for Sale in Albany, NY
| Asking Price: | $190,000 |
| Rent: | $3,700/Month |
| Cash Flow: | $120,000 |
| Established Year: | 2016 |
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.
