Property ID : SPL25.476
For Sale $175,000.00 - Bar/Lounge, Restaurant
- A Popular College Town Bar and Grill located near the University of Rochester
- Has been successfully operating since 2012. Current operator since May 1, 2022.
- 2,420 Square Feet with bar and table seating for 65 customers
- Has a General Manager operating the business for the absentee-owner, and a highly skilled staff of 17 full and part time employees
- It is a very popular hangout for students of the surrounding colleges in the area, including employees of the colleges.
- Has Outdoor patio seating during the summer months
- Public parking is located nearby
- Hours of operation: Sunday – Wednesday 11:00 – 9:30 pm; Thursday – Friday 11:00 am – 10:30 pm
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)
- Furniture, Fixtures, and Equipped at a Fair Market Installed Value of $ 35,000
- Inventory at cost of $ 1,500
The current lease expires in August 2028.
Base rent is $ 5,480.94 per month with 2 percent increase each year until the end of the lease
In addition, there is 50 percent of the building in Triple Net charges
REPORTED SALES AND SDE
2022 2021 2020
Reported Sales: $ 541,150 $ 565,875 $ 463,285
- Asking price is $ 175,000
- Owner financing is available to a well-qualified Buyer with $100,000 down.
A perfect owner-operator opportunity. Terrific location, and easy to operate restaurant and bar. Expanding hours and increasing liquor sales will increase sales 20-30%. Sellers are moving out of state, need to sell quick.