Restaurant with Real Estate – Lake George

New York, NY
Asking Price: $1,700,000
Business For Sale Details
Listed on Feb 6, 2025(Renewed on Jan 6, 2026)

Seize the rare opportunity to own a legendary restaurant with a remarkable 70-year history of continuous family ownership in Lake George, New York. This free-standing property boasts a stunning main dining room, a terrace dining area, a cozy bar, and a state-of-the-art kitchen equipped with impeccably maintained stainless-steel appliances.

Restaurant is a cherished icon, adored by locals and visitors year-round. Situated on a spacious .41-acre lot, the property includes ample parking, a full dry basement with extensive storage, refrigeration, and an on-site commercial laundry facility for linens and uniforms. Additionally, the second floor features a spacious three-bedroom owner’s apartment and office, offering both convenience and comfort.
With a solid track record of success and impressive financials, restaurant still holds untapped potential. A fresh approach to the menu and décor could elevate this already thriving business to new heights. The retiring owners have lovingly operated this iconic restaurant for generations, making this an exceptional opportunity to carry on their legacy and bring your vision to life.

FACILITY: Freestanding building
PARKING: 21 dedicated spots
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
CONCEPT: Italian Restaurant
SIZE: 5,630 square ft. building; 17,859 total sq.ft.
SEATS: 160-person capacity
HOURS: Open Thursday-Monday at 4p
LICENSES: Full Liquor License
SALES: $1,200,000 in 2024
CASH FLOW: $262,360 SDE
ASKING PRICE: $1,700,000 (For the Business & Real Estate)

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Financials (USD)

Asking Price $1,700,000

Cash Flow $262,360

Sales $1,200,000

Deal Terms

Represented by broker? Yes

Buyer Fee? Available On Request

Seller Financing? Available On Request

Willing to co-broke? Available On Request

Principals only? Available On Request

Franchise? Available On Request

Management will stay? Available On Request

Relocatable? Available On Request

Real Estate? Yes

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