Property Details

DESCRIPTION:

• A Pita and Wraps Fast Foods Restaurant located in the Rochester NY area.
• It has been successfully in operation for over 17 years
• Located in a Class A Plaza with a completely new build-out in 2017
• A very easy to learn and operate food concept.
• Serves delicious made-to-order Pitas, Wraps, and other Healthy Hand-Held meals
• It does a lot of take-out and delivery along with catering services
• It serves over 15 different selections of a combination of meats and vegetables to choose from
• It is currently staffed by 11 trained employees including a Manager assisting the Owner-Operator
• Hours of operation are Monday – Saturday from 10:00 AM – 8 PM
• There is ample mall parking available 

ASSETS/FIXTURES/EQUIPMENT (Included in the asking price)

• Equipment, furniture, and fixtures at a fair market installed value of $ 59,800.
• Inventory at cost of $5,400. 

LEASE ARRANGEMENTS:

• Base rent is $ 2,864.35 per month with additional triple Net Charges of $ 586.56
• The current lease expires on July 31, 2023. 

REVENUE:

                                       2019                   2018                   2017 *

Sales:      $  601,569            $ 654,581          $ 683,411

SDE         $    63,376            $ 106,758          $ 152,873

• Sales and SDE include $ 53,016 the Landlord Reimbursed the Owner to relocate to a different location in the plaza in 2017.

 PRICE/FINANCING:

Asking price is $ 169,900

COMMENTS:

• A Restaurant with a great reputation for delicious food.
• A complete Turn-Key and ready to operate Restaurant opportunity