Property Details

Ridge Road Area Popular Sports Bar & Grill - Monroe County

Property ID : SPL25.298

For Sale $225,000.00 - Bar/Lounge, Restaurant

DESCRIPTION:

  • A classic Restaurant and Bar with a sport’s friendly atmosphere.
  • Popular and well-known name and reputation.
  • Outstanding location located off a very busy main highway in the north-east of the City
  • Beautiful facility recently completely remodeled.
  • Has indoor seating for 100, and that includes a large rectangular bar
  • A delicious pub style menu that includes appetizers, soups, salads, sandwiches, wings and desserts.
  • Large selection of craft beers, wines and specialty cocktails
  • Offers billiards, darts, other arcade games, and lotto.
  • Well lit, ample parking as the facility is located in a strip mall setting
  • Established in May of 2016
  • Open every day 11:30 am until 2:00 am and Sundays at 10am for NFL football

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

  • Equipment and furniture valued at $62,472
  • Inventory liquor, food valued at $2,500 included in asking price

 LEASE ARRANGEMENTS:

Monthly gross rent is $6,500 for this 4600 sq ft facility

SALES AND SELLERS DISCRETIONARY EARNINGS:                         

                            2016                          2017              2018 YTD

Sales: $465,196    Sales 683,970       $719,562

SDE   $ 25,890     SDE   84,845

PRICE/FINANCING:

Asking price is $225,000 Seller financing is available with one-third down, to a qualified buyer.

 COMMENTS:

This is a great opportunity to get in to a well-established sports bar. Projected sales for 2018 are to be about one million. The business is differently on the upswing. The facility has only been open two and one-half years, and the current owner has taken on more than she can handle. Currently featuring live music on Friday and Saturday nights, and the Grub Hub is averaging about $15,000 a month. .

Agent Stuart Levy

  • Office : 585-247-4750

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