Pub & Property in Rensselaer County, NY

LISTING ID # 32874

Pub w/ 3 Bedroom Apt. Above. Fantastic Deal. Located in college town, this is an ideal opportunity to buy a 2 story building with a pub on the first floor, featuring approx. 2,000 sf. ft. of space with a full bar and a full kitchen. Above is an 1,100 sq. ft., 3 bedroom apartment that is currently used as an office. There are so many options. You can keep the pub "as is" and live upstairs. You can convert the entire building into apartments to serve the students and/or faculty in the area. You can simply buy it all and lease out the bar and apartment. You can even sub-divide the 3 bedroom apartment into multiple apartments to really maximize income. In the past year the business grossed approx. $480,000.00 and is profitable. However, the owner is not selling the business based on financials. This is an asset and real estate sale. You are buying the name, goodwill, all FF&E and the building for a total of $531K ($135 for the business and $396K for the building). Property taxes were $12,000 last year. This deal may qualify for SBA lending based on the real estate value with a buyer putting down up to 30%. We are seeking a serious and financially qualified buyer with at least $160K in liquid funds to cover the 30% down payment required by the bank. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!