Property Details

Fully Equipped and Staffed Fast-Food Restaurant - Syracuse

Property ID : WSD24.259

For Sale $79,750.00 - Restaurant

DESCRIPTION:
• A Fully Equipped and staffed fast-food restaurant in the Syracuse, NY area
• Syracuse University and Le Moyne College students are nearby and are their largest customers
• Booths and tables to accommodate seating for 8 people indoor and 4 outdoor
• Fully equipped to make ribs, sandwiches, wings, wraps, salads, fries, and more.
• There is a General Manager in place operating this restaurant for the absentee-owner, and is willing to stay on for the buyer of this restaurant
• Has 10 full and part-time well-trained employees during the summer and up to 25 employees
• It is open 71 hours per week while colleges are in session, and 48 hours per week in the summer

ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
• Furniture, Fixtures, and Equipment at a Fair Market Installed Value of $ 79,750

LEASE ARRANGEMENTS:
The premises are 1870 total square feet.
• Base Rent is $ 2,026/month Present – 10/31/2019
• Base Rent is $ 2,087/month 11/1/2019 – 10/31/2020
• Base Rent is $ 2,149/month 11/1/2020 – 10/31/2021
• Base Rent is $ 2,214/month 11/1/2021 – 10/31/2022
• Triple net charges are approximately $ 775 per month
• Comes with 2 Three-year options to renew.

PRICE/FINANCING:
• The asking price is $ 79,750

COMMENTS:
Perfect centralized location and opportunity for an existing independent or franchise
fast- food restaurant

Agent Stephen DiPaolo

  • Office : 585-247-4750

Stephen DiPaolo was the owner of Aries Precision Products in Rochester NY for 22 years,…
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