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Restaurant and Catering with Property in Westchester County
Listing Number: 11994

Location: Westchester County
Asking: $3,200,000
Gross: $1,600,000
Cash Flow: $400,000

Summary Description:

  This is a special opportunity to acquire an upscale restaurant in Westchester County with property and rental income. A large portion of this restaurant’s income is generated from catered events in the beautiful dining area and outdoor dining area. The owner’s home is also located on the property and is included in the sale. All of the living expenses of running the home are absorbed into the restaurant’s P&L so the owner truly lives with no living expenses and has a restaurant producing over 400K in earnings. The owner of the restaurant has always lived on this beautiful property, but the home is zoned commercially and can be converted to professional offices such as law or accounting offices, offering an owner more rental income. The restaurant has short hours, is closed 1 day a week and is only open for dinner, except for private parties. There is also an additional rented apartment above the restaurant. The grounds are beautiful and offer the opportunity for an owner to expand into larger catered affairs. This is a cash flow machine with property and the ability to expand. If you are looking for a profitable restaurant in an affluent neighborhood with the added bonus of living expense free with no commute, this may be the perfect business for you. Call about listing number #11994

Contact Information:

Contact: Elaine Iucci, Buyer Coordinator
Phone: 516-626-2211
Email: buyerdept@kensingtoncompany.com


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