Property Details

Classic All American Restaurant - Buffalo

Property ID : WSD24.257

For Sale $149,000.00 - Restaurant

DESCRIPTION:
• A well-established Family Restaurant serving the Buffalo, NY area for over 13 years.
• Has a great location with a lot of foot traffic in Erie County, NY
• Is currently open 8 hours a day Sunday through Wednesday, and 12 hours Thursday through Saturday
• Has seating for 88 customers
• Offers delicious breakfast, lunch and dinner menus.
• All equipment has been properly maintained, is serviced regularly, and meet all industry codes
• Has a large and loyal repeat customer base.
• A professional staff of 12 full time and part time employees assist the owner in the operations
• Has a well-designed website

ASSETS/FIXTURES/EQUIPMENT: (Included in the asking price)
• Inventory, valued at seller’s costs of $ 10,000.
• Furniture, equipment, and fixtures fair market installed value of $ 60,000

LEASE ARRANGEMENTS:
• Gross rent is $ 3,700 per month, plus prorated tax increases from the base year 2017-2018
• Current lease expires on April 30, 2024

REPORTED SALES AND SDE:

2018 2017 2016

Reported Sales: $ 640,146 $ 533,999 $ 505,786
Reported SDE: $ 78,503 $ 34,039 $ 26,012

PRICE/FINANCING:
• The asking price is $ 149,000

COMMENTS:

This is a great opportunity for someone looking to own an American Casual Restaurant
Expanding the hours of operation will add significant sales and profits.
Obtaining a Beer and Wine License at this Restaurant will add diversity to the menu

Agent Stephen DiPaolo

  • Office : 585-247-4750

Stephen DiPaolo was the owner of Aries Precision Products in Rochester NY for 22 years,…
Know More

Contact

Loading...
 

Similar Properties