Description

Established Family Restaurant & Banquet Hall – 70 Years Strong – $1M+ Sales / $290K Net – Includes Property

📍 Location: Upstate, NY
💰 Asking Price: $1,700,000 (Includes Real Estate & Business)
📈 Gross Revenue: $1,000,000+
💵 Net Cash Flow: $290,000 (to an experienced owner-operator)

This beloved, family-owned restaurant and banquet hall has been a community favorite for over 70 years, proudly operated by the current owners for the past 30. Known for its welcoming atmosphere, great food, and consistent service, it remains a go-to destination for both locals and visitors. With steady sales, loyal customers, and a trusted name in the area, this is a rare opportunity to acquire a true neighborhood staple.

The business offers a full-service restaurant and a popular banquet space for private parties, weddings, and celebrations. The property sits on a prime corner location with excellent visibility, a huge private parking lot, and easy access. The area is rapidly growing with new developments, offering a tremendous opportunity for continued success and expansion.

The seller would prefer to sell both the business and property together, but will entertain Plan B — a business-only sale for $500,000 to a qualified, experienced operator. However, it is far more beneficial to purchase both, as a buyer can leverage an SBA 7(a) loan, allowing for up to 25-year amortization and much more favorable payment terms.

Property Features:

• Two Certificates of Occupancy, each allowing 120-person capacity (total 240-person capacity)

• Partial basement offering additional storage or operational flexibility

• New 70-unit residential complex under construction directly across the street, driving even more foot traffic and future customer base

• Private parking lot, ample space, and corner visibility

Highlights:

• Established for 70+ years, operated by the same family for 30

• Consistent $1M+ annual sales

• $290K+ net potential for an experienced owner-operator

• Includes real estate — control your future, don’t pay rent

• Full bar, spacious dining room, banquet room, and commercial kitchen

• Turnkey operation with trained staff and streamlined systems

• Located in a rapidly developing area with strong local demand

• Perfect for an owner-operator or family team

This is more than a business — it’s a legacy. The location, reputation, and cash flow make this an unmatched opportunity in upstate New York.

The opportunity is endless. Don’t wait on this one.

📌 Asking Price: $1,700,000 (Business + Property)
📌 Business-Only Option: $500,000 (Experienced Operator Only)

Best regards,
Joseph Mesi
Partner / Broker
East Coast Business Brokers
📞 (631) 236-8598
📧 joseph@eastcoastbusinessbrokers.com
📸 Instagram: @business4salebyjoe