Property Details

Home Town Favorite Family Restaurant with Real Estate - Rochester

Property ID : WSD24.276

For Sale $997,500.00 - Restaurant

DESCRIPTION:

  • A Home Town Favorite Family Restaurant in operation since 1973
  • It has a separate banquet room for large gatherings, or additional seating when the main dining area is full
  • The Restaurant has seating for over 130 customers in the main dining area, and 100 in the banquet room
  • This Restaurant has a very loyal clientele and excellent online reviews.
  • It has a large selection of American Home-Cooked items on its menu.
  • It is currently open daily from 7:30 AM to 9 PM
  • There is a large private parking lot for up to 50 cars and/or trucks

 

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

  • Furniture, Fixtures, and Equipment at a Fair Market Installed Value of $ 90,000
  • Inventory at Cost of $ 8,000
  • Real Estate at a Fair Market Value of $ 398,900

 

REAL ESTATE INFORMATION

  •  5,920 Square Foot Stand-Alone Building on 1.29 Acres of Land
  • The Real Estate is assessed at $ 314,700
  • Total Property Taxes in 2020 are $ 3,173.20

 

 

SALES AND SELLERS DISCRETIONARY EARNINGS:            Fiscal Year Ending 7-31           

                                            2020               2019                  2018

Sales:                          $ 1,112,143       $ 1,346,061       $ 1,274,215

Cash Flow (SDE):        $    245,596      $    308,957      $    233,548

 

PRICE/FINANCING:

Asking price for the Business and Real Estate is $ 997,500; Seller financing is available to a qualified buyer on only the Real Estate with 20 percent down

 COMMENTS:

Great opportunity for an owner/ operator looking for a well-maintained turnkey Restaurant with prime Real

Estate.

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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