Property ID : SPL25.503
For Sale $249,900.00 - Bar/Lounge, Restaurant
DESCRIPTION:
- Location is the key.
- Popular Restaurant and Bar located in the Park Ave Area of Rochester, NY
- In operation for over 5 years
- 2,200 square feet of dinning, bar, and kitchen space.
- Menu offers food, coffee, cocktails, craft beer, and wine.
- Bar is designed to attract a craft beer and specialty drinks crowd
- Very loyal clientele
- Ample street parking, and off-street parking with public access available
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
- Furniture, fixtures & equipment at a fair market installed value of $75,000
LEASE ARRANGEMENTS:
- Current lease is $4,000 a month gross with options through June 2032
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
2023 | 2022 | |
SALES | $553,599 | $465,028 |
PRICE/FINANCING:
- Asking price is $249,900
- Some seller financing available to o a qualified buyer
COMMENTS:
This is an ideal opportunity to own a popular restaurant and bar in the Park Avenue area.
Many opportunities to increase revenue such as expanding hours. Catering can be another revenue stream. Seller will stay on for a period of time to work and train.