Food & Beverage
Financial summary
Comparable pricing
128% above marketComparable Food & Beverage businesses sell at a median of 2.5x SDE, based on 1860 listings. This one asks 5.8x, about 128% above that median. At the comparable median it would price ~$745K.Methodology refines over time.Comparable Food & Beverage businesses sell around $745K vs this $1.7M ask.
Methodology refines over time.
SBA financeability
Businesses in food services & beverage retail are commonly SBA-financed. The figures below are the industry-category norm from SBA 7(a)/504 lending, a gauge of how financeable a deal like this tends to be.
Food Services & Beverage Retail benchmarks
Typical SBA leverage
71%
Industry charge-off
1.3%
Common term
10 yr
Median loan
$269,200
Active lenders in this category: The Huntington National Bank, U.S. Bank, National Association, Manufacturers and Traders Trust Company.
Based on 52,309 SBA loans · source: SBA 7(a)/504 FOIA, as of 2026Q1 · industry-category level.
Detailed information
Linked page lives on the broker site, not on OpenAcquisitions.
Key points
Business description
Established Family Restaurant & Banquet Hall – 70 Years Strong – $1M+ Sales – Real Estate Included Location: Upstate, NY Asking Price: $1,700,000 (Business & Real Estate) Gross Revenue: $1,000,000+ Cash Flow: $290,000 (to an experienced owner-operator) This well-established family restaurant and banquet hall has been a staple in the community for over 70 years , with the current owners successfully operating the business for the past 30 years . Known for its welcoming atmosphere, quality food, and consistent service, the restaurant has built a loyal customer base and strong reputation throughout the area. The business features a full-service restaurant along with a busy banquet facility that hosts private parties, weddings, and special events year-round. With consistent revenue exceeding $1 million annually and strong cash flow, this is an outstanding opportunity for an experienced owner-operator or family team. The property sits on a high-visibility corner location with a large private parking lot and excellent accessibility. The surrounding area continues to grow, with a new 70-unit residential complex currently under construction directly across the street , which is expected to bring additional traffic and future customers. The seller prefers to sell the business and real estate together , allowing a buyer to take advantage of SBA financing with up to 25-year amortization , creating significantly more favorable payment terms. A business-only option may be considered at $500,000 for a qualified, experienced operator , though purchasing the real estate provides the greatest long-term value. Property Features Two Certificates of Occupancy, each allowing 120-person capacity (240 total occupancy) Partial basement providing additional storage and operational flexibility Large private parking lot Prime corner location with excellent visibility Highlights Established 70+ year neighborhood institution Same family ownership for 30 years Consistent $1M+ annual sales $290K+ cash flow potential for experienced operator Real estate included – own the property and control your future Full bar, large dining room, banquet space, and commercial kitchen Turnkey operation with trained staff and systems in place Located in a rapidly developing area This is more than just a restaurant — it is a longstanding community destination with strong financials and real estate included . Serious inquiries only. Asking Price: $1,700,000 (Business & Property) Business-Only Option: $500,000 (Experienced Operator Only) Frankie Gregoire Broker East Coast Business Brokers 860-986-3194 frankie@eastcoastbusinessbrokers.com
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