Property Details

Popular East Side Bar & Grill - Monroe County

Property ID : SPL25.245

For Sale $299,000.00 - Bar/Lounge, Restaurant

DESCRIPTION:

  • A very popular Bar and Grill located off a very busy main highway in the Webster/Penfield area
  • In operation for 5 years with very consistent sales totaling over a million dollars each year
  • Has a very loyal clientele
  • 3,440 sq feet of restaurant space that seats 60, plus a very large contemporary bar
  • Large outdoor patio for dining
  • Wide range of menu items from burgers to pasta
  • Hours of business are Monday  thru Saturday from 11 AM to 2 AM, and Sunday from 11 AM to 12 AM
  • Ample parking with an additional lot available if needed

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

  • Furniture, Fixtures and Equipment at a fair market installed value of $ 40,000
  • Liquor and Wine Inventory of $ 2,500 at cost

 LEASE ARRANGEMENTS:

  • Current gross rent is $ 3,710 a month. Lease runs through 2021 with additional options to renew

SALES AND SELLERS DISCRETIONARY EARNINGS:                         

                                           2016         

Sales          $ 975,735.

SDE           $ 106,879

 

PRICE/FINANCING:

  • The Asking price is $299,000 with some seller financing to a qualified buyer

 COMMENTS:

The current owners own multiple restaurants, and are looking to expand into other cities. This particular Bar and grill will need to be re branded. This is a great turnkey opportunity for an owner operator.

 

Agent Stuart Levy

Stuart-Levy1
  • Office : 585-247-4750

Stuart Levy brings over 25 years of experience in the Hospitality industry. He has owned, operated…
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