Property Details

East Side Established Diner - Monroe County

Property ID : LB22.185

For Sale $95,000.00 - Restaurant

DESCRIPTION:

  • Fully functioning restaurant, currently in its 44th year.
  • Clean and quaint with dine-in or take out available.
  • Located in a plaza on a busy eastside street, easy access getting in and out.
  • Restaurant has 68 seats in a 1780 sq. ft. facility.
  • Plenty of parking.

ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):

  • Equipment at a Fair Market Value of $25,000
  • Equipment consists of a walk-in-cooler, reach in cooler and freezer, prep table and much more.
  • Inventory, valued at cost of $2,000

 LEASE ARRANGEMENTS:

  • Gross rent is $2,245/month
  • Lease expires 4/2018 with a 5-year option.

SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):

 

     2016     2015
SALES $ 247,830 $ 269,140
SDE $   39,500 $   49,500

 PRICE/FINANCING:

  • Asking price is $95,000, Seller financing available to a qualified Buyer.

 COMMENTS:

Outstanding opportunity for an experienced cook, restaurant server, or manager. Seller is retiring after nearly three decades of successful operation.

Agent Lou Bellanca

Lou-Bellanca1
  • Office : 585-247-4750

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

Contact

Loading...
 

Similar Properties