Property Details

East-Side Italian Restaurant and Bar - Monroe County

Property ID : SPL25.414

For Sale $140,000.00 - Restaurant

DESCRIPTION:

  • A long-standing Italian Restaurant and Bar located in the eastern half of Monroe County, NY
  • It is family-owned and operated for over 50 years serving delicious Italian dishes with a very loyal client
  • It has a separate party room for up to 75 people
  • There is seating up to 100 customers in the main dining room and bar seating for 10-15 customers
  • It is currently open Wednesday through Saturday over a total of 25 hours per week
  • There is plenty of well-lit plaza parking with easy access to entrance

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

  • FF&E at a fair market value of $ 45,000.
  • Inventory at cost of $ 2,000

 LEASE ARRANGEMENTS:

  • The current base rent is 3,084.38 a month plus Triple Net charges of approximately $ 1,400 a month
  • A new long-term lease can be negotiated with the Landlord

REPORTED SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):

 

    2021     2020 2019
SALES $ 270,916 $ 382,198 $ 274,076
SDE      TBD $   89,413 $   24,721

2018-  $ 377,955
$   46,030

 ASKING PRICE

The asking price is $140,000, with seller financing to a qualified buyer with 50 % down

 COMMENTS:

This is an ideal owner/operator restaurant business opportunity with a great reputation.  Expanding hours would increase revenue and income.

 

Agent Stuart Levy

  • Office : 585-247-4750

Stuart Levy brings over 25 years of experience in the Hospitality industry. He has owned, operated…
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