Property Details

DESCRIPTION:

A Well-Known Restaurant with a Historic Building located in the Greater Rochester NY area

• It has been successfully in operation for over 30 years
• Offers In-House Dining and Catering Service
• There is seating for 75 for their dining customers
• It is furnished and decorated in a beautiful American Country Style
• It currently has Five Full time and Seven Part time Employees for the restaurant and an on-call staff of Three for its catering services
• It has a delicious home-made lunch and dinner menus with alcoholic and non-alcoholic drinks
• It has its own parking lot for up to 30 Vehicles.
• In 2021 and 2022 the Restaurant has been open only 31 hours over 4 days per week

ASSETS/FIXTURES/EQUIPMENT: Included in the asking price:

• Fair Market Value of Furniture, Fixtures, and Equipment of $ 60,000
• Inventory at Seller’s Cost of $ 10,000
• Real Estate at an Appraised Value of $ 165,000

REAL ESTATE:

• 3,213 Sq. Ft. Building on .70 Acres of land built in 1960
• Certified Real Estate Appraised at $ 165,000 by Midland Appraisal Associates

INCOME AND SDE:
Income 2021 – $925,969  2020 – $809,516  2019 – $1,255,778     2018 – $ 1,187,765

SDE:    2021 –  $42,692   2020 – $124,507  2019 – $106,190
2018 – $131,964

 PRICE/FINANCING:

• The Asking Price for the Business and Real Estate is $ 469,250

COMMENTS:

• This Restaurant has been known for years as a fun and friendly dining experience for all
• The Owner will assist the Buyer for as long as needed to be successful in operating this business.
• Opening the Restaurant 6 or 7 days a week will increase sales and income at this restaurant.