Property Details

Italian Eatery and Bar - Monroe County

Property ID : WSD24.219/SPL25.259

For Sale $615,000.00 - Pizza Shop, Restaurant

DESCRIPTION:

  • An Italian Eatery 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 and outdoors for 100
  • Has a loyal clientele 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 $ 615,000.

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,…
Know More

Contact

Loading...
 

Similar Properties