Property summary
This exceptional turnkey opportunity presents a profitable bar and grill with accompanying real estate in the picturesque Finger Lakes region of New York. Located at 10832 Gloades Corners Rd, Prattsburgh, NY 14873, this well-established business boasts 6,000 square feet of space, including a relaxing dining room and bar seating 120 patrons, and a spacious banquet hall accommodating up to 250 guests. The property sits on two acres of land and includes two buildings, both single-story structures built in 2014 and renovated in 2016. The fully operational kitchen is equipped with top-of-the-line appliances, including ovens, fryers, refrigerators, freezers, and a dishwasher, all included in the sale. The business enjoys a loyal year-round clientele and significant seasonal traffic, generating $18,000 in weekly sales while operating only five days a week. A large parking lot easily accommodates RVs, buses, and other large vehicles. Current licenses include a New York State liquor license and a lottery license. Financial details and a full inventory list are available upon request and execution of a non-disclosure agreement for qualified buyers. The asking price for this exceptional business and real estate is $950,000. An additional property, a 1512 sq ft, 2 bed, 2 bath manufactured home on 2.66 acres, is available for purchase separately or as a package deal for $1,150,000. This property, built in 2021, features a large deck overlooking a pond and offers convenient living quarters for the owner-operator. The business is being offered due to the owner's retirement.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
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