Property ID : SPL25.285/WSD24.239
For Sale $235,000.00 - Bar/Lounge, Restaurant
DESCRIPTION:
- A Bar and Restaurant with Owner Financing located in Rochester, NY
- Has been successfully operating since 2012 under the current ownership
- 2,420 Square Feet with bar and table seating for 65 customers
- Has a General Manager operating the business for the absentee-owner, and a highly skilled staff of 17 full and part time employees
- It is a very popular hangout for students of the surrounding colleges in the area
- Has outdoor patio seating during the summer months
- Public parking is located nearby
- Operates 55 hours a week
- Open Saturday – Wednesday from 3:00 pm to 9:00 pm
- Open Thursday and Friday from 11:30 am to 9:00 pm
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)
- Furniture, Fixtures, and Equipped at a Fair Market Installed Value of $ 53,000
- Inventory at cost of $ 10,000
- Build-out costs of over $ 50,000
LEASE ARRANGEMENTS:
The current lease expires in August 2022.
Base rent in 2018 is $ 5,480.94 per month with 2 percent increase each year until the end of the lease. In addition, there is 50 percent of the building in Triple Net charges
REPORTED SALES AND SDE
2021 2020 2019 2018
Sales: $565,875 $463,285 $692,572 $ 711,523
SDE: TBD $ 7,736 51,491 $ 78,595
PRICE/FINANCING:
- Asking price is $235,000
- Owner financing is available to a well-qualified buyer.
COMMENTS:
A perfect owner operator opportunity. Terrific location, and easy to operate restaurant and bar.
