New York, NY

Restaurants & Food

Albany-Schenectady - Iconic Italian Restaurant + Catering & Banquet Business With Property

Name: Albany-Schenectady - Iconic Italian Restaurant + Catering & Banquet Business With Property
Brand: BizScout
SKU: 8318459
Price: 2250000 USD
Availability: InStock

Asking price

$2,250,000

Cash flow (TTM)

$366K

Reported by seller

Revenue (TTM)

$3M

Reported by seller

Inventory

Private

Released after NDA

EBITDA (TTM)

Private

Released after NDA

ScoutSights · Computed insights

The narrative

A look inside Albany-Schenectady - Iconic Italian Restaurant + Catering & Banquet Business With Property.

<h2> </h2> Iconic 4,600 SF Italian Restaurant ? 40+ Years Established | $2.4?$2.5M Sales | Huge Upside in Limited Hours Location: Schenectady County, NY (Rotterdam Area) Entity/Name: Confidential Italian Restaurant (Can Be Disclosed with NDA) <hr> <h3 dir="ltr" style="line-height:1.7999999999999998;background-color:#ffffff;margin-top:0pt;margin-bottom:0pt;padding:2pt 0pt 4pt 0pt;"> Business Description</h3> <h2> </h2> Rare opportunity to acquire an iconic, long-established Italian restaurant and catering operation with decades of brand equity in the greater Schenectady/Rotterdam market. This restaurant has been serving loyal guests for generations and is now available for a new owner-operator to step in, protect the legacy, and take it to the next level. The business operates out of approximately 4,600 sq. ft. with classic dining rooms, bar/lounge, and banquet capability. Top-line revenue consistently ranges between $2.4M and $2.5M, with a true owner-operator net in the $350,000?$500,000+ range, depending on how actively the owner is involved and how aggressively hours and offerings are managed. Unlike many large restaurants running seven days a week, this operation is built on limited hours, primarily late afternoon and evening service plus strong take-out and catering. That schedule has created an unusual situation: very strong sales on a relatively tight operating week, leaving a clear and compelling upside for a hands-on operator willing to expand hours and dayparts. <hr> <h3 dir="ltr" style="line-height:1.7999999999999998;background-color:#ffffff;margin-top:0pt;margin-bottom:4pt;padding:2pt 0pt 0pt 0pt;"> At a Glance</h3> <h2> </h2> <ul style="margin-top:0;margin-bottom:0;"><li> </li><li dir="ltr" style="list-style-type:disc;font-size:12pt;"> Sales: ~$2,400,000?$2,500,000 annually (top line) </li><li dir="ltr" style="list-style-type:disc;font-size:12pt;"> Owner-Operator Net: approx. $350,000?$500,000+ (buyer to verify) Space: ~4,600 sq. ft. Concept: Classic Italian dining, take-out, and catering </li><li dir="ltr" style="list-style-type:disc;font-size:12pt;"> Established: Operating for 40+ years </li><li dir="ltr" style="list-style-type:disc;font-size:12pt;"> Seating: Multiple dining rooms plus banquet capacity (ideal for events and functions) </li></ul> <h3 dir="ltr" style="line-height:1.7999999999999998;background-color:#ffffff;margin-top:14pt;margin-bottom:0pt;padding:0pt 0pt 4pt 0pt;"> Operations & Hours</h3> <h2> </h2> The restaurant currently runs on a reduced schedule compared to most restaurants of its caliber: <ul style="margin-top:0;margin-bottom:0;"><li> </li><li dir="ltr" style="list-style-type:disc;font-size:12pt;"> Dinner-focused dine-in service on a limited number of evenings per week </li><li dir="ltr" style="list-style-type:disc;font-size:12pt;"> Take-out and catering as important additional revenue streams </li></ul> This structure keeps labor and operating hours lean while still supporting multimillion-dollar revenue. For the right buyer, this is the ?deal sweetener?: you?re not buying a business that?s already maxed out seven days a week ? you?re buying one that is under-hour?d with strong numbers already on the board. <hr> <h3 dir="ltr" style="line-height:1.7999999999999998;background-color:#ffffff;margin-top:0pt;margin-bottom:0pt;padding:2pt 0pt 4pt 0pt;"> Growth & Expansion</h3> <h2> </h2> The most obvious and immediate growth levers: <ul style="margin-top:0;margin-bottom:0;"><li> </li><li dir="ltr" style="list-style-type:disc;font-size:12pt;"> Expand Hours & Days: <ul style="margin-top:0;margin-bottom:0;"><li> </li><li dir="ltr" style="list-style-type:circle;font-size:12pt;"> Add lunch service on key days </li><li dir="ltr" style="list-style-type:circle;font-size:12pt;"> Open additional evenings and/or earlier seatings </li><li dir="ltr" style="list-style-type:circle;font-size:12pt;"> Consider opening currently closed days to capture more weekly volume Banquets & Events: </li><li dir="ltr" style="list-style-type:circle;font-size:12pt;"> Further leverage the banquet capability for communions, rehearsal dinners, anniversaries, corporate events, and celebrations </li><li dir="ltr" style="list-style-type:circle;font-size:12pt;"> Develop a more aggressive outbound marketing plan to local businesses, schools, and community organizations </li></ul> </li><li dir="ltr" style="list-style-type:disc;font-size:12pt;"> Catering & Off-Premise: Expand off-premise catering, corporate accounts, and holiday/event packages Partner with local venues and event planners Digital Presence & Online Ordering: Strengthen social media, email lists, and loyalty/VIP programs Push online ordering and family-style take-out to drive incremental sales </li></ul> Given the established name and loyal following, a motivated owner-operator can realistically grow both top line and bottom line by simply extending hours and more fully exploiting the catering and banquet side of the business. <h3 dir="ltr" style="line-height:1.7999999999999998;background-color:#ffffff;margin-top:0pt;margin-bottom:4pt;padding:2pt 0pt 0pt 0pt;"> Ideal Buyer</h3> <h2> </h2> <ul style="margin-top:0;margin-bottom:0;"><li> </li><li dir="ltr" style="list-style-type:disc;font-size:12pt;"> Experienced owner-operator or restaurant group looking for a proven, high-volume location with deep community roots Buyer who appreciates the value of a multi-decade brand and wants a platform to grow, not a turnaround project </li><li dir="ltr" style="list-style-type:disc;font-size:12pt;"> Someone who sees the limited hours as a strategic opportunity, not a constraint </li></ul> <hr> <h3 dir="ltr" style="line-height:1.7999999999999998;background-color:#ffffff;margin-top:0pt;margin-bottom:0pt;padding:2pt 0pt 4pt 0pt;"> Support & Training</h3> <h2> </h2> Seller is open to a structured training and transition period to ensure a smooth handoff, introduce key staff, and help maintain continuity with the long-time customer base. Terms to be negotiated. <hr> <h3 dir="ltr" style="line-height:1.7999999999999998;background-color:#ffffff;margin-top:0pt;margin-bottom:0pt;padding:2pt 0pt 4pt 0pt;"> Reason for Sale</h3> <h2> </h2> Ownership is preparing for a transition after many successful years in the business and is looking for the right steward to carry the brand forward.

The fine print

Detailed information.

IndustryRestaurants & Food

Real estateLeased

LocationNew York, NY

Year establishedNot disclosed

Lease expirationNot disclosed

Monthly rentNot disclosed

FF&ENot disclosed

Growth & expansionNot disclosed

Support & trainingNot disclosed

BizScout Score

How this listing scores against everything else on BizScout.

An at-a-glance read on listing quality. Higher means the deal is well-priced, the financials look healthy, and the data is well-documented. A low score often means the seller hasn’t shared enough data yet, not that the deal is bad.

BizScout Score

0 · Poor50 · Fair75 · Good100 · Excellent

Why this score?

Historical comps

How this asking price compares.

Compare this listing against same-industry asking prices in the BizScout listings database — peer percentiles, sector asking-price multiples, and the 18-month asking-price trend.

Recent comparable sales

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Industry context

The industry this business sits in.

Size, momentum, structure, and where the risk concentrates.

Location & catchment

New York, NY

Reference data sourced from Census ACS, Census County Business Patterns, and NOAA Climate Normals. Exact address shared after NDA.

Why this deal stands out

The case for this acquisition.

Scannable cards on owner involvement, asset transfer, revenue quality, and other deal-shaping signals pulled from this listing.

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Asking price

$2M

N/A EBITDA

Revenue

$3M

EBITDA

N/A

Cash flow

$366K

Margin

Not disclosed

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Asking price

$2,250,000

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