Property Details

Price Significantly Reduced for Downtown Cocktail Lounge & Restaurant - Monroe County

Property ID : LB22.204

For Sale $90,000.00 - Bar/Lounge, Restaurant

DESCRIPTION:

  • 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,

 LEASE ARRANGEMENTS:

  • 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 2017 were $ 537,933.
  • SDE for 2017 was $ 75,079.

 PRICE/FINANCING:

  • Asking price is $ 90,000. Seller financing is available to a qualified buyer.

 COMMENTS:

  • 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.

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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