Property Details

Deli/Cafe and Bar - Monroe County

Property ID : LB22.206

For Sale $120,000.00 - Bar/Lounge, Restaurant

DESCRIPTION:

  • 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.

LEASE ARRANGEMENTS:

  • Gross Rent is $5,342.75/month, with yearly increases of 5%
  • Lease expires February 2022.

SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):

 

    2017     2016     2015
SALES $ 808,834 $ 854,667 $ 646,729
SDE $   47,943 $   12,939

 PRICE/FINANCING:

  • The Asking price $ 120,000.
  • Seller financing is available and negotiable.

 COMMENTS:

  • 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.

Agent Lou Bellanca

Lou-Bellanca1
  • Office : 585-247-4750

Lou Bellanca has been with AMD Business Brokers since 2009, bringing over 20 years of…
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