Property Details

Long Standing Family Restaurant - Monroe County

Property ID : LB22.219/SPL25.308

For Sale $160,000.00 - Restaurant

DESCRIPTION:

  • A popular long-standing family restaurant
  • Located off a major highway in a suburb, west of the city of Rochester
  • Has been operating at its current location, with a loyal clientele since 1975
  • It serves breakfast, lunch and dinner daily from 7 AM to 8 PM
  • Offers a wide-variety of menu items with Greek and American flavors
  • This restaurant has 2,475 square feet with seating for up to 100 customers
  • There is plenty of well-lit parking available with easy access for the handicap
  • Has a very modern setting with up to date decor

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

  • Furniture, Fixtures, and Equipment at a Fair Market Installed Value of $45,000
  • Inventory at cost of $ 2,000

LEASE ARRANGEMENTS:

The current lease expires on 10/1/26. The gross rent is $ 3,575 a month

SALES AND SELLERS DISCRETIONARY EARNINGS:                         

                                               2018                           2017      

Sales:                                      $524,599                       $ 505,307

Cash Flow (SDE):         $  57,687                       $  75,695

 PRICE/FINANCING:

     The Asking Price is $ 160,000. With $ 100,000 down there is seller financing for the balance of the purchase price to a well-qualified buyer.

 COMMENTS:

A well-oiled machine and a great opportunity for an owner-operator to take over a long standing and successful business.

Agent Lou Bellanca

  • Office : 585-247-4750

Lou Bellanca has been with AMD Business Brokers since 2009, bringing over 20 years of…
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