Very Well-Known Albany NY Restaurant & Banquet Hall W / Property - Ideal Opportunity - Retiring after 30 Yrs. - Est 70 Yrs.
Albany, NY Restaurant and Banquet Hall with Real Estate
On NextCompany since September 7, 2026 (38 days)
NY area
Business overview
This full-service restaurant and banquet hall serves Albany, NY. The business hosts weddings, private parties, and special events throughout the year. Its facilities feature a full bar, large dining room, commercial kitchen, and partial basement. Trained staff support its operations.
The offering includes real estate on a high-visibility corner with a large private parking lot. The seller asks $1,700,000 for the business and property. The business reports gross revenue of $1,000,000. Cash flow totals $292,000.
Who is a good fit for this business
- Qualified, experienced operators seeking a business-only purchase may fit the $500,000 option the seller may consider.
- Restaurant buyers seeking property ownership alongside dining and private-event operations can evaluate the offering with real estate.
Details
- Reason for selling
- Retirement after 30 years.
- Real estate
- Owned, included in sale
Frequently Asked Questions
The restaurant serves loyal neighborhood customers in Albany, NY. Its banquet hall hosts weddings, private parties, and special events year-round.
The seller asks $1,700,000 for the business and real estate. The business reports $1,100,000 in gross revenue and $292,000 in cash flow.
The offering includes real estate with a large private parking lot on a high-visibility corner. The seller may consider a $500,000 business-only option for a qualified, experienced operator.
The restaurant features a full bar, large dining room, commercial kitchen, and partial basement. The business also has trained staff and operating systems.
Two Certificates of Occupancy each allow 120 people, permitting 240 people in total.