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#5217
Syracuse Restaurants For Sale

CNY Best Restaurant

$795,000
CNY  Best  Restaurant
This Listing is Expired

Go Enjoy This Restaurant by Selecting the Link to Left "Get Name/Address."

This is one of CNY best know restaurant since 1978 .Success of a operation how long have they been open ,since 1978 Owned and operated by CNY best known restaurant couple, this restaurant brings culinary delight to all it patrons.

You'd be stepping into a well run restaurant and bar. The owner is will to stay on for as long as you need to transition the business to you.  This is a perfect couples business! Of great family run business 

This restaurant also has a great bar atmosphere that perfectly adds to the ambience of the restaurant. 

This restaurant is open only for dinner six days a week from 4:00 pm to 9:00 pm.  You could open for lunch parties 

The annual sales are in the $1 million range with good  margins. The restaurant comes with a great deal of property for expansion of the business into banquets as well as adding a home.

This is the chance that only comes when the owner cares about his business and staff to work to make new owner successful. 

 

This is a MJ Kinney Brokerage, LLC. listing.
Licensed Real Estate Broker New York Michael Kinney DRE License #37K10989135

Lease

Region:
Syracuse Restaurants For Sale

Financials

Last Year's Annual Gross:
$900,000

Operations

Liquor License:
Full bar
# of Full-Time Employees:
10
# of Part-Time Employees:
15
# of Family Employees:
3
# of Working Owners:
3
Hours Open:
Tuesday -Saturday 4-9 Sunday 12-9
Year Established:
1978
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
175
# of Parking Spots:
200

Highlights

  • large property seat 175 plus
  • business since 1978 large amount of property 16 plus acres
  • makes money
  • owners pay themselfs salary
  • SBA Loan possible 20% percnt down
  • owner willing to stay on with labor contact
  • Great fror family operation
  • kitcken set up for a chef by a chef
  • very busy area,great road frontage
  • one of Syracuse are hotest area
  • limted hours allows for a life
  • Good staff avalablie

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
8%

Demographics

Population 3-mi. 5-mi
2014 Total Population 16,089 47,567
Households 3-mi. 5-mi
2010 Number Of Households 6,489 19,564
2010 Persons Per Household 2.39 2.36
Median House Value $148,000 $131,516
Income Per Household $69,877 $61,329
Businesses 3-mi. 5-mi
2009 Number Of Businesses 306 964
2012 Number Of Employees 6,494 26,388
2012 Total Annual Payroll $93,983,000 $442,929,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that MJ Kinney Brokerage, LLC.  ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date. User understands Broker only uses SellingRestaurants.com to advertise restaurants and bars and Broker is not affiliated with SellingRestaurants.com.


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