Property ID : SPL25.414
For Sale $65,000.00 - Restaurant
DESCRIPTION:
- A long-standing Italian Restaurant and Bar located in the eastern half of Monroe County, NY
- It is family-owned and operated for over 50 years serving delicious Italian dishes with a very loyal client
- It has a separate party room for up to 75 people
- There is seating up to 100 customers in the main dining room and bar seating for 10-15 customers
- It is currently open Wednesday through Saturday over a total of 25 hours per week
- There is plenty of well-lit plaza parking with easy access to entrance
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
- FF&E at a fair market value of $ 45,000.
- Inventory at cost of $ 2,000
LEASE ARRANGEMENTS:
- The current base rent is 3,084.38 a month plus Triple Net charges of approximately $ 1,400 a month
- A new long-term lease can be negotiated with the Landlord
REPORTED SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
| 2021 | 2020 | 2019 | |
| SALES | $ 270,916 | $ 382,198 | $ 274,076 |
| SDE | TBD | $ 89,413 | $ 24,721 |
2018- $ 377,955
$ 46,030
ASKING PRICE
The asking price is $65,000, with seller financing to a qualified buyer with 50 % down
COMMENTS:
This is an ideal owner/operator restaurant business opportunity with a great reputation. Expanding hours would increase revenue and income.
