Very Well-Known Albany NY Restaurant & Banquet Hall W / Property - Ideal Opportunity - Retiring after 30 Yrs. - Est 70 Yrs.

<p> <strong>Established Family Restaurant & Banquet Hall ? 70 Years Strong ? $1M+ Sales / $290K Net ? Includes Property</strong></p> <p> ??? <strong>Location: Upstate, NY</strong><br> <strong>Asking Price: $1,700,000 (Includes Real Estate & Business)</strong><br> ???? <strong>Gross Revenue: $1,000,000+</strong><br> <strong>Net Cash Flow: $290,000 (to an experienced owner-operator)</strong></p> <p> 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.</p> <p> 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.</p> <p> The seller <strong>would prefer to sell both the business and property together</strong>, but will <strong>entertain Plan B</strong> ? a business-only sale for <strong>$500,000</strong> to a qualified, experienced operator. However, it is <strong>far more beneficial to purchase both</strong>, as a buyer can leverage an SBA 7(a) loan, allowing for <strong>up to 25-year amortization</strong> and much more favorable payment terms.</p> <h3> Property Features:</h3> <ul><li> </li><li> <p> <strong>Two Certificates of Occupancy</strong>, each allowing <strong>120-person capacity</strong> (total 240-person capacity)</p> </li><li> <p> <strong>Partial basement</strong> offering additional storage or operational flexibility</p> </li><li> <p> <strong>New 70-unit residential complex</strong> under construction <strong>directly across the street</strong>, driving even more foot traffic and future customer base</p> </li><li> <p> <strong>Private parking lot</strong>, ample space, and corner visibility</p> </li></ul> <h3> Highlights:</h3> <ul><li> </li><li> <p> <strong>Established for 70+ years</strong>, operated by the same family for 30</p> </li><li> <p> <strong>Consistent $1M+ annual sales</strong></p> </li><li> <p> <strong>$290K+ net potential</strong> for an experienced owner-operator</p> </li><li> <p> <strong>Includes real estate</strong> ? control your future, don?t pay rent</p> </li><li> <p> Full bar, spacious dining room, banquet room, and commercial kitchen</p> </li><li> <p> <strong>Turnkey operation</strong> with trained staff and streamlined systems</p> </li><li> <p> Located in a <strong>rapidly developing area</strong> with strong local demand</p> </li><li> <p> Perfect for an owner-operator or family team</p> </li></ul> <p> 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.</p> <p> <strong>The opportunity is endless. Don?t wait on this one.</strong></p> <p> ???? <strong>Asking Price: $1,700,000 (Business + Property)</strong><br> ???? <strong>Business-Only Option: $500,000 (Experienced Operator Only)</strong></p> <hr> <p> <strong>Best regards,</strong><br> <strong>Joseph Mesi</strong><br> Partner / Broker<br> <strong>East Coast Business Brokers</strong><br> ???? (631) 236-8598<br> ???? <a class="decorated-link cursor-pointer" rel="noopener">joseph@eastcoastbusinessbrokers.com<span class="ms-0.5 inline-block align-middle leading-none"></span></a><br> ???? Instagram: <a class="decorated-link" href="https://instagram.com/business4salebyjoe" rel="noopener">@business4salebyjoe</a></p>