Property Details

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 with $100,000 down.

 COMMENTS:

A perfect owner operator opportunity.  Terrific location, and easy to operate restaurant and bar.