The Finger Lakes region continues to attract diners, tourists, and event-goers year-round—and opportunities to acquire a well-established, high-capacity restaurant in this market are increasingly rare. A prominent steakhouse-style restaurant, bar, and banquet facility in the Canandaigua area is now available for purchase, offering a unique blend of location, scale, and growth potential.
Prime Location in a Destination Market
Situated just off a major highway, this two-story facility benefits from strong visibility, easy access, and ample parking. Its location places it in the heart of one of Upstate New York’s most popular regions for tourism, weddings, and live entertainment, drawing both locals and visitors throughout the year.
Designed for Volume, Events, and Entertainment
This operation is built to handle high-volume service with ease. The property features approximately 6,000 square feet of restaurant and bar space, accommodating up to 250 seats, along with a highly desirable rooftop patio—a major draw during the warmer months.
The business has become known for:
- Live music and entertainment
- Banquet and catering services
- Private events and weddings
- A continental-style dinner menu and full catering offerings
With its flexible layout and established reputation, the facility is well-suited for an operator experienced in restaurants, catering, or event-driven concepts.
Limited Hours, Significant Upside
Currently operating Tuesday through Sunday from 4:30 PM to 9:00 PM, the business runs just 33 total hours per week, yet remains capable of strong performance. This limited schedule presents a clear opportunity for expansion.
Potential growth strategies include:
- Adding lunch service
- Expanding outdoor and rooftop events
- Increasing banquet bookings and private functions
- Extending operating hours seasonally or year-round
With the right operator, these adjustments could significantly increase revenue without major capital investment.
Strong Asset Base Included
The sale includes furniture, fixtures, and equipment with an estimated fair market installed value of $100,000, allowing a buyer to step into a fully equipped, turn-key operation.
Attractive Purchase Terms
- Asking Price: $275,000
- Financing: Negotiable for a well-qualified buyer
- Real Estate: Purchase of the property may be discussed
This flexibility makes the opportunity accessible to both owner-operators and experienced hospitality groups looking to expand their footprint in the Finger Lakes.
Ideal Buyer Profile
This business is best suited for:
- Restaurateurs seeking a destination location
- Catering or banquet operators ready to scale
- Hospitality groups targeting weddings and private events
- Operators looking for a high-volume concept with room to grow
Final Thoughts
Opportunities like this—combining location, capacity, established operations, and upside potential—are uncommon in the Finger Lakes market. For the right buyer, this Canandaigua-area steakhouse, bar, and banquet facility represents a chance to acquire a proven venue and take it to the next level.
For additional details or confidential inquiries, qualified parties are encouraged to reach out directly.