Property Details

Gourmet Burger Restaurant and Bar - Monroe County

Property ID : SPL25.285/WSD24.239

For Sale $295,000.00 - Bar/Lounge, Restaurant

DESCRIPTION:

  • A Gourmet Burger Restaurant and Bar located in a very trendy area 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 of17 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 $ 50,000
  • Inventory at cost of $ 10,000
  • Build-out costs of over $ 75,000

 LEASE ARRANGEMENTS:

The current lease expires in August 2022.  Base rent in 2018 is $ 5,480.94 per month with 2 percent increases 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

                                                  2017                   2016                 2015

             Reported Sales:      $ 690,336            $ 702,362         $ 746,674

Reported SDE:        $  61,188            $   67,119         $   66,412

     

PRICE/FINANCING:

  • Asking pricehas been lowered to $295,000.
  • Some owner financing is available to a well-qualified Buyer

 COMMENTS:

A perfect owner operator opportunity.  Terrific location, and easy to operate restaurant and bar.

Agent Stuart Levy

Stuart-Levy1
  • Office : 585-247-4750

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