• 2 iconic Albany spots for sale

08 Apr

ALBANY, NY — If you Have $3.5 million or so and want to be an instant major player on the city dining scene, you’re in luck. The Washington Tavern and The Ginger Man are up for sale as a package.

The owners, Michael and Pat Byron, plan to retire from the business that has consumed their time for four decades. They purchased the Washington Tavern, which has been around since 1884 on Western Avenue as a bar, in 1971, and The Ginger Man wine bar and restaurant in 1983. Each has an Irish-themed decor, in keeping with Michael Byron’s homeland.

An online advertisement says the package includes both buildings, all equipment, and off-street parking lots for $3.533 million. The ad (click here to see it in full) says the two businesses generate $2.6 million in annual income and cash flow of $563,000 per year.

In its 127-year history, the Washington Tavern has had numerous owners. The first was its builder, Sebastian Frolhick. He sold it in 1885 to Andrew Kean, who operated it for 25 years. In 1910, it was purchased by Thomas F. Donovan who, in 1916, sold to Patrick McAuliffe. Daniel E. Sullivan purchased it in 1923, and sold it in 1925 to the John Carney Beverage Company. In 1927, It was known as Kendrick’s Bar and Grill, with that later being changed to the Western Grill.

In 1942, the Kendrick family sold the property and business to Frances Cippollo, who operated it for 29 years. She changed the name to the Washington Tavern, and it commonly is called the WT since then. The Byrons bought it in 1971 and conducted a $300,000 renovation in 2006.

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