Property ID : SPL25.514
For Sale $295,000.00 - Restaurant
DESCRIPTION:
- Long standing Family Restaurant located 20 minutes East of Rochester
- Very little competition
- Established 30 years ago
- Currently averaging $20,000 to $22,000 a week
- 4,500 square feet of dining and banquet space, with seating up to 200
- Newly renovated
- Very loyal clientele
- Full menu serving breakfast lunch and dinner American cuisine
- Open daily 7am-8pm, and Sunday from 7am-3pm
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
Furniture, Fixtures, and Equipment at a fair market installed value of $75,000.
LEASE ARRANGEMENTS:
- Current lease is very favorable at $5320 a month gross, with options for a longer lease
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
| 2023 | 2022 | 2021 | |
| SALES | $853,664 | $787,788 | $814,002 |
PRICE/FINANCING:
- Asking price is $295,000, and financing is negotiable to a qualified buyer
COMMENTS:
Recently renovated, this family restaurant has been a mainstay in this community for years.
Adding beer and wine and offering deliveries will increase revenue. An ideal owner/operator
operation with $100,000 plus income. Additional cash revenue can be discussed.
