FOR SALE: Troy Restaurant Business for Sale
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Troy Restaurant
This restaurant has been serving up delicious food since the 90’s, and has a long history in the community. This place is a staple. Charm. Quality Food. Exceptional service. Lunch or Dinner! Hosting a banquet? Corporate meeting? Birthday dinner for 4 to 100? Weddings? This restaurant can handle them all. 25 years of experience ensures your event comes off perfectly. There is currently a 8 year lease with extensions available. The roof, exterior maintenance, landscaping and snow removal are included in the rent of $6,644 per month Gross (taxes and insurance included) covers a 10,000sq ft restaurant and banquet room with a 4,000 sq ft heated and sprinkled patio. It seats 300 indoors and 120 outdoors. It is priced at $1,800,000.00. A recent appraisal of the business showed a value of$2,000,000 with adjusted net income of $612,000. The kitchen has a 27 foot hood with great equipment and multiple walk-ins to handle the cooking. Basement storage. Patio is sprinkled and heated. Class C liquor license is included in the deal. Huge on site parking lot that is maintained by the Landlord.