Available
Albany-Schenectady - Iconic Italian Restaurant + Catering & Banquet Business With Property
$2.250.000
Description
Location: Schenectady County, NY (Rotterdam Area)
Facility Size: ~4,600 sq. ft.
Annual Revenue: $2,400,000 – $2,500,000
Owner-Operator Net: $350,000 – $500,000+ (buyer to verify)
Rare Opportunity – Iconic 40+ Year Italian Restaurant
This is a rare opportunity to acquire a well-known, high-volume Italian restaurant that has been serving the greater Schenectady / Rotterdam community for over 40 years. The restaurant has built multi-generational customer loyalty, strong brand recognition, and consistent multi-million-dollar revenue.
The business operates from approximately 4,600 square feet featuring multiple dining rooms, a bar/lounge, and banquet space ideal for private events and functions.
Despite generating $2.4M–$2.5M in annual revenue, the restaurant currently operates on limited hours, primarily dinner service plus take-out and catering. This creates a rare built-in growth opportunity for a motivated owner to expand hours, increase dayparts, and grow revenue.
For the right operator, this is not a turnaround project — it is a profitable, established restaurant with clear upside.
Key Highlights
- $2.4M–$2.5M annual sales
- $350K–$500K+ owner earnings potential
- 4,600 sq. ft. facility
- Multiple dining rooms plus banquet/event space
- 40+ year established brand
- Strong repeat customer base
- Take-out and catering revenue streams
- Limited operating hours creating major growth opportunity
Significant Growth Potential
A motivated owner could increase revenue through several clear opportunities:
Expand Operating Hours
- Add lunch service
- Open additional days
- Introduce earlier dinner seating
Increase Banquets & Private Events
- Weddings, rehearsal dinners, communions
- Corporate events and celebrations
- Holiday party bookings
Expand Catering & Off-Premise Revenue
- Corporate catering
- Family-style meal packages
- Partnerships with local venues and event planners
Strengthen Digital Marketing
- Online ordering
- Loyalty and VIP programs
- Social media and email marketing campaigns
With its large facility, loyal customer base, and established reputation, this business offers a strong platform for continued growth.
Ideal Buyer
This opportunity is perfect for:
- Experienced restaurant owner-operators
- Regional restaurant groups seeking expansion
- Buyers looking for a high-revenue restaurant with strong brand recognition
Transition Support
Seller is willing to provide training and transition assistance to ensure a smooth ownership transfer and introduce the buyer to key staff and customers.
Reason for Sale
Ownership is preparing for retirement after many successful years and is seeking the right buyer to continue the restaurant’s legacy.
Overview
Property ID:
12627
Type:
Retail Restaurants Full Service - Diners - Pizzeria Or Specialty
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