Property Details

Popular Sports Bar and Restaurant - Monroe County

Property ID : WSD24.260

For Sale $193,900.00 - Bar/Lounge, Restaurant

DESCRIPTION:
• A Very Popular Sports Bar and Restaurant located in Monroe County NY
• Has been successfully operating since 2016 under the current ownership
• 8,000 Square Feet with bar and table seating for 248 customers
• Has a General Manager and Executive Chef operating the business for the absentee owner, and a highly skilled staff of 36 full and part time employees
• Has Outdoor patio seating for 48 customers during the warm-weather months
• Has its own large private parking lot
• Hours of operation: Monday – Thursday 11;30 AM – 1:00 AM Friday– Saturday 11:30 AM – 2:00 AM Sun 12:00 PM – 7:00 PM

ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)
• Furniture, Fixtures, and Equipped at a Fair Market Installed Value of $ 100,000
• Inventory at cost of $ 30,000

LEASE ARRANGEMENTS:
The current lease ends on June 30, 2020 with three 3-year options to renew
Gross rent is $ 7,200 per month

REPORTED INCOME AND SDE
1-1 thru 10-23-2019 2018 2017 2016 (6 months)
Income: $ 1,118,340 $ 1,663,474 $ 2,149,094 $ 1,413,453
SDE: $ 25,757 $ (92,108) $ 223,492 $ 131,619

PRICE/FINANCING:

• Asking price is $ 193,900

COMMENTS:

A perfect opportunity for an experienced owner-operator in the restaurant and bar industry, with a terrific location, and an established reputation

Agent Stephen DiPaolo

  • Office : 585-247-4750

Stephen DiPaolo was the owner of Aries Precision Products in Rochester NY for 22 years,…
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