Property ID : LB22.206
For Sale $120,000.00 - Bar/Lounge, Restaurant
- Modern, eclectic deli/café with bar, located on a bustling street in a sought-after section of Rochester, NY.
- 2,292 square foot facility, featuring a spacious dining area with 42 seats and a new, stunning remodeled bar area with seating for 38. The kitchen and service areas are fully equipped with newer equipment; an extra kitchen space is used for catering and events.
- Restaurant serves sandwiches, Paninis, wraps, salads, soups, burgers and more.
- Recurring catering and office delivery accounts.
- Bar serves draft beer, bottled beer and wine.
- Full basement access with spacious storage and office.
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
- All equipment, fair market installed value of $60,000 was purchased new in 2012 and is in excellent condition.
- Inventory is NOT included in the asking price.
- Gross Rent is $5,342.75/month, with yearly increases of 5%
- Lease expires February 2022.
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
|SALES||$ 808,834||$ 854,667||$ 646,729|
|SDE||$ 47,943||$ 12,939|
- The Asking price $ 120,000.
- Seller financing is available and negotiable.
- A new operator can increase revenue by serving liquor at the bar with longer hours and bar food selections.
- Total turn-key opportunity, no extra investment needed.
- Currently holds an entertainment license.
- Currently has an outdoor sidewalk permit for three tables.