Property ID : LB22.204
For Sale $140,000.00 - Bar/Lounge, Restaurant
- Cocktail Lounge and Restaurant, established in 2014.
- Located in the Art District of Downtown Rochester, NY.
- Spacious and well laid-out 3,990 sq. ft. facility serving 125 customers.
- Large, covered, courtyard patio available in warmer months.
- Stunning, custom bar with 10 bar stools.
- Functional kitchen and prep areas, with all the amenities necessary for a high-volume restaurant.
- Menu consists of Gastropub comfort foods.
- Currently open Wednesday and Thursday 5-11pm, Friday and Saturday 5-midnight and Sunday 5-11pm.
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
- FF&E, with an estimated value of $ 60,000,
- Equipment is in excellent condition.
- Inventory, valued at $ 5,000,
- Gross rent is currently $ 3,908/month.
- Current lease expires in April, 2019 with a 5-year option available.
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
- Sales for 2018 were $523,840 Sales for 2017 were $ 537,933.
- SDE for 2018 was $81,914 SDE for 2017 was $ 75,079.
- Asking price is $140,000. Seller financing is available to a qualified buyer.
- Total turnkey opportunity.
- New operator can increase sales with extended days and hours and more menu options.
- An owner-operator can greatly reduce existing high food and labor cost for extra profit.