Established Albany Restaurant and Banquet Hall with Property for Sale

This family-owned restaurant and banquet hall, a cherished community fixture for over 70 years, is now available for purchase. With annual sales exceeding $1 million and a net cash flow of $290,000, this business is ideally suited for an experienced operator. The property features a prime corner location, ample parking, and two certificates of occupancy for a total capacity of 240 guests. A new residential complex nearby promises increased foot traffic, enhancing future growth potential. The seller prefers to sell the business along with the property for $1,700,000, but is open to a business-only sale for $500,000 to qualified buyers. This is a unique opportunity to own a legacy in upstate New York.