Property Details

Pizzeria & Italian Restaurant with Wood-Fired Oven - Monroe County

Property ID : WSD24.220/SPL25.260

For Sale $243,000.00 - Pizza Shop, Restaurant

 DESCRIPTION:

  • A beautiful Pizzeria and Italian Restaurant with Wood-Fired Oven in operation since 2009
  • Located in the East Side of Monroe County NY
  • 1900 total sq. ft. dining, bar, and kitchen area with Indoor seating for 56
  • 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, 3 full time and 6 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 $ 101,000.
  • Inventory (Wines, Beers, Foods, Dry Goods), valued at Seller’s costs of $ 10,000.

LEASE ARRANGEMENTS:

  • Current Lease has a base rent of $ 2,887.36/month plus approximately $ 875/month in Triple Net charges and ends on September 30, 2020. There is an option to renew for an additional 5 years at a Base Rent of $ 3,176.89/month.

SALES AND SELLERS DISCRETIONARY EARNINGS (SDE)

  • Sales:       2017 – $552,819                   2016-  $ 590,647            2015-  $ 546,280
  • SDE:         2017 – $130,819                   2016 – $ 147,911              2015 – $ 115,160

 PRICE

            The Asking Price is $ 243,000.

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,…
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