Gourmet Restaurant w Apartment & 2 Stores

Full service gourmet restaurant with apartment and 2 stores in Upstate New York ... near Lake Champlain … is an established “country” full-service gourmet restaurant that offers quality “fabulous food in a casual and friendly environment”. Business has a two-bedroom owner’s apartment upstairs, with a satellite summer tourist focused Deli Shop and Wine Shop that overlook Lake Champlain. A year-around business, it has exciting yet reasonable lunches, dinners, fine wines and catering. The restaurant, opened in 2004, is in a charming town in the northeast NY near population centers of Plattsburgh, Burlington and the famous recreation areas of The Adirondacks, and the beauties and marinas of Lake Champlain. The 60 seat restaurant offers seasonal outside dining, and is an established local landmark, growing, with comfortable cash based profit and sales. The summer shops offer incremental profit potential and seasonal diversification. The facility is essentially new, and the staff is loyal, experienced and stable. There is potential for merely summer opening by someone wanting a seasonal business “near the lake”, or, alternatively, this is a reasonably priced successful starter facility for a recent culinary grad or chef looking to step out on his own. It offers on-premises living “for free” in an area where lifestyle amenities abound. Sales in 2007 were above $ 470,000 and produced EBITDO of $90,000, with more in sight for 2008! Motivated owners list the turnkey operation, food inventory and real estate (with its two-bedroom apartment) for purchase at $485,000. A substantial wine inventory can be bought. Commercial bank finance may be available to a credentialed food prep qualified person who would be expected to have cash for investment and working capital of about $ 90,000. Sellers will aid orderly transition.