Property ID : SPL25.285/WSD24.239
For Sale $235,000.00 - Bar/Lounge, Restaurant
- A College Town Restaurant and Bar located in Rochester, NY
- Has been successfully operating since 2012 under the current ownership
- 2,420 Square Feet with bar and table seating for 65 customers
- Has a General Manager operating the business for the absentee-owner, and a highly skilled staff of 17 full and part time employees
- It is a very popular hangout for students of the surrounding colleges in the area
- Has outdoor patio seating during the summer months
- Public parking is located nearby
- Hours of operation: Mon – Thur 11;30 AM – 10 PM Fri – Sat 11:30 AM – 11 PM Sun 12 PM – 9 PM
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)
- Furniture, Fixtures, and Equipped at a Fair Market Installed Value of $ 53,000
- Inventory at cost of $ 10,000
- Build-out costs of over $ 50,000
The current lease expires in August 2022.
Base rent in 2018 is $ 5,480.94 per month with 2 percent increase each year until the end of the lease. In addition, there is 50 percent of the building in Triple Net charges
REPORTED SALES AND SDE
2018 2017 2016 2015
Reported Sales: $ 711,523 $ 690,336 $ 702,362 $ 746,674
Reported SDE: $ 78,595 $ 61,188 $ 67,119 $ 66,412
- Asking price is $ 239,900
- Some Owner financing is available to a well-qualified Buyer with one-half down.
A perfect owner operator opportunity. Terrific location, and easy to operate restaurant and bar.