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Well Established Restaurant In Highly Visible Location $1.7M Sales

Listing was updated on: 06/20/2019

Property Overview

Price/Rent PSF $ 900,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 5,372
Date Available 06/20/2019
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Contact

Description

Location
Located on Route 13 a major retail corridor in Pulaski, NY. This Restaurant is highly visible and directly across the Entrance & Exit to Interstate 81. Commerce in Pulaski revolves heavily around it's year-round tourism and fishing due to its location on the Salmon River and Lake Ontario Shoreline which is only 3 miles to the West. This area is a major draw for World Class Sport fishing, Winter Sports and the Lake Ontario shoreline. The Shoreline brings Thousands of Campers, cottage owners, RV's and snowmobiles in the winter. The restaurant is close to Brennan's Beach a very popular RV park averaging over 5,000 weekly visitors. In the fall the area has a Salmon River Festival bringing in large numbers of Tourists and Fisherman to the area. In the Winter months Pulaski is well known for it's extensive snowmobile trail system. Pulaski is the primary hub in Upsate NY connecting with trail systems throughout the Central and northern New York region. ATV trails as well as cross country skiing are well known and linked to this area. The Restaurant is also the half way point to the Canadian Border and Fort Drum Army Base with 13,000 troops. Pulaski is often the stopping point for travelers year round for Food and fuel being only 60 miles from the border and Army base.


Sale
Turn-key Restaurant Opportunity, (Ponderosa) in a highly visible location directly across from Interstate 81 access point. Owner is retiring after a very successful 29 years in business with Sales in 2018 of $1.7M plus. The Restaurant is 5,372+/- SF building, fully equipped and situated on a 1.24+/- acre parcel with two additional out Buildings for Storage. Seats 172. (Financials available with NDA).

Note: This property is located in an Opportunity Zone where the Buyer has option to defer taxes on a Capital gain when purchasing properties in an Opportunity Zone.

The Ponderosa Restaurant chain is a part of Homestyle Dining, LLC based in Plano, Texas. Its menu includes steaks, seafood, and chicken entrées, along with their popular buffet. A lunch menu is also served.

Business and Property for Sale or Lease. The Seller is flexible on terms and is motivated to make a deal.

Location

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