Property ID : LB22.189/SPL25.256
For Sale $150,000.00 - Restaurant
- An established, very successful family restaurant located in a suburb just outside the City of Rochester.
- Open since 2001. Family owned and operated.
- 2,430 sq feet with seating for 115 people.
- Private banquet/party room.
- Very loyal clientele.
- Large American-style cuisine menu.
- Open daily for breakfast, lunch and dinner.
- Hours of business are 6am to 9pm daily and Sunday 8am to 2pm.
- Ample parking available with a large well-lit parking lot.
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)
- All FF&E included and valued at $50,000.
- Inventory at cost of $ 2,500
LEASE OR REAL ESTATE OPTIONS:
- Lease option available with a gross rent of $3,000/month, terms are negotiable.
- Building and Real Estate is also available at an asking price of $250,000.
SALES AND SELLERS DISCRETIONARY EARNINGS:
2016 2015 2014
Sales: $ 447,982 $ 441,005 $ 385,073
Cash Flow (SDE): $ 94,574 $ 104,362 $ 64,080
Asking price for business is 150,000; bank and seller financing is available to a qualified buyer.