Restaurant Business Information and Amenities
Full bar with seats for 10
Dining Room Seats 85
2 Double-Occupancy Restrooms
Offered at $175,000
Jumpstart your dream to own your very own successful restaurant business in the burgeoning City of the Hills! Oneonta, NY is becoming a hot spot for foodies and you could offer the area’s next favorite menu.
Business is the best it has been in years! 2019 was a top year for gross sales. And 2021 surpassed it, even with shortened hours and reduced capacity due to COVID-19. Business remains strong in 2022!
The restaurant is tucked inside a multi-tenant commercial plaza on State Route 23 & State Route 7 in the West End of Oneonta, NY. Just off I-88 and minutes from downtown Oneonta, Hartwick College, and SUNY Oneonta. The location is about half a mile from the Cooperstown All Star Village baseball site and less than 30 minutes drive from Cooperstown. Parking directly outside of the restaurant is plentiful with approximately 60 spaces.
The restaurant is approximately 3,200 square feet. The maximum occupancy rating is 95 persons, including 10 bar stools, and seating for 80 (the photos and video tour show reduced capacity seating due to COVID-19 regulations). The dining room and bar area underwent renovation in late 2013, including all new furniture and custom seating valued at $40,000.
The sale comes with all of the fully functional equipment in the expansive commercial kitchen. Some of the equipment includes but is not limited to, new bar coolers replaced in 2019, new kitchen coolers, 2 double door freezers, 1 double door refrigerator, 10’x10’ walk-in cooler, 6 burner range/24" flat top combo, fryer, workstations, convection oven, 14" hood with return air and dual exhaust vents, Ansel system, and a Hobart slicer.
The full working bar seats 10 and has dual ice bins, a three-bay sink, a soda gun, a six-tap keg cooler with a built-in glasswasher and stainless steel top, and a double glass door bottle/can display cooler with a stainless steel top.
The POS system is a Micros, Res 5 3700 series, with three workstations, electronic cash drawer, back-office system, kitchen display screen, all of which have a $25,000 replacement value.
Three furnaces and two air conditioner units keep the space comfortable year-round.
You can choose to keep the Jay’s Place name or rebrand the business and make it your own.
There is no real estate included with this sale, and the triple net lease is transferable. The lease is offered in 5-year blocks with a 3% annual increase. As of April 2022, it is the first year of the 5-year block, with a monthly rental payment around $2,670.
A complete equipment list, financials, and additional details are available upon request to pre-qualified prospective buyers. Reach out now to capitalize on this great price so you can take your restaurant business to the next level!
