Property ID : WSD24.219/SPL25.259
For Sale $444,900.00 - Restaurant
DESCRIPTION:
- An Italian Bistro and Bar known for their delicious wood fired pizzas in operation since 2009
- Located in Monroe County NY
- 2,000 total sq. ft. Dining, bar, and kitchen area with Indoor seating for 84, 100 on the Patio.
- Has a loyal clientele due to its impeccable reputation for taste, service, and prices.
- A delicious menu of appetizers, soups, salads, gourmet pizza and pasta dishes, and desserts.
- Large selection of Wines, Beers, Mixed Drinks, Cordials, Coffees, Teas, and other fine beverages.
- Fully staffed with a General Manager, 5 Full Time and 12 Part Time Employees assisting the Absentee-Owner in the operations
ASSETS/FIXTURES/EQUIPMENT: Included in the asking price:
- Equipment, furniture, and Fixtures Fair Market valued at $ 132,000.
- Inventory (Wines, Beers, Foods, Dry Goods), valued at Seller’s costs of $ 15,000.
LEASE ARRANGEMENTS:
- Gross Rent is $ 5,500 per month. Current Lease expires in 2022
- A New 3-5-year lease, with a 3-5-year option could be offered to the Buyer of this Restaurant
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE)
- Sales: 2018 – $960,664 2017 – $ 1,148,737 2016- $ 1,295,881 2015- $ 1,228,712
- SDE: 2018 – $266,336 2017 – $ 267,855 2016 – $ 342,533 2015 – $ 340,181
PRICE
The Asking Price is $ 444,900.
COMMENTS:
A complete turn-key restaurant opportunity perfect for either an owner-operator or as an investment for an Absentee-Owner.
