For Sale
$2,900,000

501 Us-20New Lebanon, NY 12125

Thriving NY Eatertainment Venue, $2.9M

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional Class A, 100% occupied, NNN-leased business opportunity presents a turnkey established tavern and axe throwing venue in New Lebanon, NY. Located at 501 US-20, this 3,700 sq ft. (plus 60-seat patio) establishment boasts a full-service restaurant and bar, complete with a wood-fired oven, extensive kitchen equipment, and a state-of-the-art walk-in cooler and freezer. The recent 2022 expansion added six axe throwing lanes, pool tables, dartboards, and a dedicated banquet space, significantly enhancing the entertainment offerings. The business, built from the ground up in 2015, has consistently thrived, even during COVID-19 shutdowns, demonstrating its resilience and strong market position. A seasoned General Manager with 25 years of experience is in place and open to a minor equity partnership. The property features a new roof (2022) and plans for solar panel installation are underway. Current delivery partnerships with DoorDash, Uber Eats, and Slice further enhance revenue streams. Future growth potential includes expanding hours, implementing axe and pool leagues, launching a catering truck and mobile axe trailer, and adding an ice cream/dessert bar. This profitable business offers a unique blend of dining and entertainment, making it an ideal investment for a discerning buyer. The asking price is $2,900,000.

Highlights

  • Class A, 100% occupied, NNN-leased tavern and axe throwing venue in New Lebanon, NY.
  • Turnkey operation with a seasoned General Manager (25 years experience) open to a minor equity partnership.
  • 3,700 sq ft building (plus 60-seat patio) with full-service restaurant and bar, wood-fired oven, and extensive kitchen equipment.
  • Recent (2022) 3,700 sq ft expansion added six axe throwing lanes, pool tables, dartboards, and a banquet space.
  • Strong financial performance, including profitability during COVID-19 shutdowns, and significant ROI on initial investment.

Property Details for 501 Us-20

Property type
Retail properties, Restaurants
Class
A
Units
1

Location Insight

City
New Lebanon
County
Columbia
State
New York
Latitude
42.4670388
Longitude
-73.3906248
501 Us-20, New Lebanon, New York

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501 Us-20
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