Property Details

Well-Established Family Restaurant - Rochester

Property ID : WSD24.276

For Sale $498,600.00 - Restaurant

DESCRIPTION:

  • A Well-Established Family Restaurant in operation since 1973 is for sale
  • It has a separate banquet room for large gatherings, or additional seating when the main dining area is full
  • The Restaurant has 5,920 Square Feet and 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 8:00 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

LEASE INFORMATION

  •  The Buyer of this Restaurant will be offered a 3-5 year lease at a Base Rent of $ 8,000 with Triple net Charges per month

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

8-1-20 thru 3-31-21 (8 months)         2020          2019               2018

 

Sales:            $ 826,808     $ 1,112,143     $ 1,346,061    $ 1,274,215

Cash Flow (SDE)$ 317,258  $ 245,596    $    308,957      $    233,548

 PRICE/FINANCING:

Asking price for the Business is $ 498,600

 COMMENTS:

Great opportunity for an owner/ operator looking for a well-maintained turnkey Restaurant or an owner of an existing restaurant looking for an additional location.

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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