Property ID : SPL25.374
For Sale $65,000.00 - Catering, Restaurant
- A Take-out and delivery restaurant location off a major highway in the Hilton/Parma NY area
It is operated by a husband-and-wife team who took over this restaurant in later part of 2019
- The menu consists of subs / wraps wings, hots and burgers and other specialty sandwiches
- This restaurant has 1,200 square feet that includes counter seating, and 12 seats and tables for dining in.
- Catering is part of the business
- There is plenty of well-lit parking
- Hours of operation are Tuesday through Thursday 11 AM -7:30 PM Friday and Saturday 11AM -9:00 PM
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)
- Furniture, Fixtures and Equipment at a Fair Market Installed value of $ 25,000
- Inventory at cost of $ 1,000
- The current lease expires on May 2021, but does have options to renew
- A new lease can be negotiated at a gross rent of $ 1215 a month
SALES AND SELLERS DISCRETIONARY EARNINGS:
Sales: $ 259,172
Cash Flow (SDE): $ 67,490
- Asking price is $ 70,000.
- Some financing is available to a qualified buyer
Even through the 2020 pandemic, sales at this location were very solid because of take-out and delivery. This is an Ideal owner operator business. Currently open only 5 days a week so expanding hours should increase sales 10-15%. More marketing and catering will also expand sales. This is a turn-key opportunity with everything in place, that includes the brand name.