Property Details

Restaurant, Bar, and Night Club - Monroe County

Property ID : SPL25.316

For Sale $375,000.00 - Bar/Lounge, Nightclub, Restaurant

DESCRIPTION:

  • A high-volume well-designed Restaurant, Bar, and Night Club
  • Located right off a major highway
  • 7,500 sq feet of restaurant/bar space that includes a 2000 sq ft patio
  • Currently operating since late 2016
  • Increased sales every year
  • Currently open only 34 hours a week
  • Serving dinner Tuesday through Saturday, not open for lunches
  • Plenty of well-lit parking available

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

  • Current FFE at a fair market value of $94,700.
  • Inventory at cost of $ 15,000

 LEASE ARRANGEMENTS:

  • The current lease expires in 2022.  Gross Rent is $ 4,650 per month.
  • Terms to extend the lease are negotiable

REPORTED SALES AND SELLERS DISCRETIONARY EARNINGS:                              

                                           2018                  

Reported Sales:           $ 880,726

Reported SDE:             $ 126,655

 PRICE/FINANCING:

  • The asking price is $ 395,000.
  • Financing is available to a qualified buyer with $ 125,000 down.

 COMMENTS:

This is an ideal opportunity for an owner/operator for this restaurant and bar. The current owner is ill and unable to operate the business. There was a considerable increase in sales from year one to year two, and shows potential for more growth. Increasing the hours of business, along with stronger marketing will improve numbers. This is a must-see location for serious interest only.

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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