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The Turnpike Inn (Tavern and Restaurant) in Columbia County New York, USA
| Business Type | Bars, Pubs and Taverns | | Price | US$ 389,000
| | Year established | 75 | | Owner Financing | YES |
| | Location | Ghent | | Nearest City | Hudson | | Relocatable | NO | | Home Based | NO | | Reasons for Selling | The Sellers are retiring and feel the business needs new owners with new ideas. |
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Furniture, Fixtures & Equipment
Included in asking price | US$ 10,000 | Inventory
Value on day of sale | US$ 2,000 | | Real Estate | US$ 350,000
Included in Price |
Description of Business *
Offered on 2+/- Acres for $389,000.
Offered on 6+/- Acres for $445,000.
Own a bit of history. A speakeasy during Prohibition, the Turnpike Inn has been in continuous operation since 1934 with present ownership retiring after 32 years. This is a great opportunity for an inspiring chef or family to open and operate a trendy up and coming restaurant. A fully functioning kitchen, active liquor license, great menu and steady clientele will provide the new owners everything necessary to walk into an immediately profitable business. Its reputation amongst both local residents and weekenders will provide the new owner with a loyal and diversified clientele.
Potential for growth here is unlimited as there is plenty of space for the expansion and the influx of new ideas. The real estate includes a late 1870, 5,000+SF building. The first floor currently houses a fully operational tavern/restaurant with Kitchen and restrooms. It could easily be converted into professional office space or for use in almost any home based business. The second floor has two, 2-bedroom apartments, each with their own kitchen, living room and full bath. The new owners can either live upstairs and/or rent out one or both of the apartments. There is also a 2500 sq ft unfinished attic.
There is a 4+/- acre field across the road that can be used to build a new private residence and/or to grow organic crops to be used in the restaurant or to sell. This business on 6+/- Acres is available for $445,000.
The current business and building could also be transformed and upgraded into a comfortable restaurant/tavern combo that would appeal to both the locals and the large number of "weekenders" from New York City. Special Lunch menus, full dinners and some weekend entertainment should be added. There has always been a demand for take-out delivery for lunch and dinner items. This could easily be added to increase revenue.
The menu needs to be expanded to include a selection of natural and organically grown foods in order to attract the large number of NYC and other weekend urban residents and tourists that come to the area every year. The vegetables, herbs and fruits can be grown on the approximately 4+/- acres of land located directly across the road from the tavern that is available at additional cost. This business on 6+/- Acres is available for $445,000.
Year Established: 1934
Employees: 0 - it is owner operated
OWNER FINANCING FOR QUALIFIED BUYERS WITH SUBSTANTIAL DOWNPAYMENT AND EXCELLENT CREDIT.
Although this is a TURN-KEY business, it is being sold as a real estate transaction with owner financing. All potential buyers who are interested will be expected to provide proof of their financial ability to purchase this business and real estate before any appointments can be made.
ALL REASONALBE OFFERS WILL BE CONSIDERED!
Support/Training - Provided to buyer
The Sellers will assist the new owners during the transition.
Explanation of Fees and Payments
Owners will finance with $100,000 USD down payment. |
| | For further details contact
John Wallace
143 Longview Drive
Chatham, 12037, NY
United States
Phone: +1-518-392-7062
Fax: +1-877-875-5704
http://www.worldrealtynews.com |
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