Catskill Mountain Bar & Restaurant on Scenic 3 Acre Property
Tannersville, NY
| Asking Price: | $299,000 |
| Inventory: | $5,000 |
| FF&E: | $150,000 |
| Gross Revenue: | $1,059,978 |
| Rent: | $8,010/Month |
| Established Year: | 2022 |
Listing ID: 2287124Listing provided by BizBuySell
BUSINESS DESCRIPTION
This charming Catskill Mountain bar and restaurant nestled on a spacious 3 acre property boasts 50 foot ceilings, a cozy brick fireplace, an outdoor terrace with fantastic views, a full bar with 10 beer and 4 wine taps, a private dining room, and plentiful parking.
The location is 5 minutes from the Hunter Mountain ski resort and 2 hours from New York City. The facility includes potential onsite living quarters (upstairs) with 4 bedrooms and 3 baths for family or staff.
DETAILED INFORMATION
Location
Tannersville, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
5,972
Lease Expiration
31/05/2032
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This 5,972 square foot location leases for $8,010 per month (plus 6% rent over a $90k/month revenue breakpoint) on a lease until 5/31/32 with one 5 year option. All of the venue’s furniture, fixtures and equipment, which includes over $150k in recent investment, will be included in the sale. An estimated $5k in liquor inventory will be sold at cost at close.
Competition
The competition, which is also located in this picturesque mountain setting, consists of several mountain-side eateries with their own unique take on rustic, locally sourced cuisine. Some venues operate on a seasonal basis.
Growth & Expansion
This location has historically housed the highly successful Chateau Belleview Restaurant for over 30 years. New operators will wish to introduce a concept that capitalizes on the property’s terrace and outdoor property and its ability to host large events, including weddings and celebrations, in addition to catering to the celebrated bed and breakfast that is located directly adjacent to the property. Of course, they will also want to capitalize on the those that visit the picturesque community year-round for outdoor sports, eco-tourism, and skiing.
Financing
Seller may consider a small secured carry to facilitate an SBA loan
Support & Training
As negotiated
Reason for Selling
Personal
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