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Charming Catskill Mountain Bar& Restaurant In Tannersville For Sale

Tannersville, New York, US
Asking Price:
$299,000
Sales Revenue:
$1,059,978
Cash Flow:
$12,000

This charming Catskill Mountain bar and restaurant nestled on a spacious 3 acre property boasts 50 foot ceilings, a cozy brick fireplace, an outdoor terrace with fantastic views, a full bar with 10 beer and 4 wine taps, a private dining room, and plentiful parking.

The location is 5 minutes from the Hunter Mountain ski resort and 2 hours from New York City. The facility includes potential onsite living quarters (upstairs) with 4 bedrooms and 3 baths for family or staff.

Property Information

Real Estate:

Lease

Leasehold Rent:

$114,597 per annum

Premises Details:

This 5,972 square foot location leases for $8,010 per month (plus 6% rent over a $90k/month revenue breakpoint) on a lease until 5/31/32 with one 5 year option. All of the venue’s furniture, fixtures and equipment, which includes over $150k in recent investment, will be included in the sale. An estimated $5k in liquor inventory will be sold at cost at close.

Size in square feet:
5,972

Business Operation

Expansion Potential:

This location has historically housed the highly successful Chateau Belleview Restaurant for over 30 years. New operators will wish to introduce a concept that capitalizes on the property’s terrace and outdoor property and its ability to host large events, including weddings and celebrations, in addition to catering to the celebrated bed and breakfast that is located directly adjacent to the property. Of course, they will also want to capitalize on the those that visit the picturesque community year-round for outdoor sports, eco-tourism, and skiing.

Competition / Market:

The competition, which is also located in this picturesque mountain setting, consists of several mountain-side eateries with their own unique take on rustic, locally sourced cuisine. Some venues operate on a seasonal basis.

Reasons for selling:

Personal

Years established:
2023

Other Information

Furniture / Fixtures value:
$150,000