Restaurants & Food
Albany NY Restaurant & Banquet Hall with Real Estate
New York, New York
$1,700,000
Asking Price
$292,000
Cash Flow
$1,100,000
Gross Revenue
N/A
Inventory
N/A
EBITDA
ScoutSights powered by real SMB data
3.2x
Sales multiple
24%
Profit margin
$48K
Debt service per year
31%
Cash-on-cash return
A well-known family restaurant and banquet hall in Albany, NY, operating for over 70 years and generating over $1 million in annual revenue. The property, included in the sale, features a restaurant, banquet facility, private parking, and prime corner location. This turnkey operation with strong financials is an ideal opportunity for an experienced owner or family team looking to step into a longstanding community establishment.
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