Property Details

Italian Bistro and Bar - Monroe County

Property ID : WSD24.220/SPL25.260

For Sale $598,900.00 - Restaurant

DESCRIPTION:

  • An Italian Bistro and Bar known for their delicious wood fired pizzas in operation since 2009
  • Located in Monroe County NY
  • 2,000 total sq. ft. Dining, bar, and kitchen area with Indoor seating for 84, 100 on the Patio for 100
  • Has a loyal cliental due to its impeccable reputation for taste, service, and prices.
  • A delicious menu of appetizers, soups, salads, gourmet pizza and pasta dishes, and desserts.
  • Large selection of Wines, Beers, Mixed Drinks, Cordials, Coffees, Teas, and other fine beverages.
  • Fully staffed with a General Manager, 5 Full Time and 12 Part Time Employees assisting the Absentee-Owner in the operations

ASSETS/FIXTURES/EQUIPMENT: Included in the asking price:

  • Equipment, furniture, and Fixtures Fair Market valued at $ 132,000.
  • Inventory (Wines, Beers, Foods, Dry Goods), valued at Seller’s costs of $ 15,000.

LEASE ARRANGEMENTS:

  • Gross Rent is $ 5,500 per month.  Current Lease expires in 2022
  • A New 3-5-year lease, with a 3-5-year option could be offered to the Buyer of this Restaurant

SALES AND SELLERS DISCRETIONARY EARNINGS (SDE)

  • Sales:  2017 – $ 1,148,737       2016-  $ 1,295,881           2015-  $ 1,228,712
  • SDE:    2017 – $    267,855       2016 – $    342,533           2015 – $    340,181

 PRICE

            The Asking Price is $ 598,900.

COMMENTS:

A complete turn-key restaurant opportunity perfect for either an owner-operator or as an investment for an Absentee-Owner

Agent Stephen DiPaolo

Steve november 2017
  • Office : 585-247-4750

Stephen DiPaolo was the owner of Aries Precision Products in Rochester NY for 22 years,…
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