Property Details

Price Reduced for Trendy Neighborhood Bistro and Bar - Monroe County

Property ID : LB22.208/SPL25.287

For Sale $135,000.00 - Bar/Lounge, Restaurant

DESCRIPTION:

  • A quaint Bistro and bar located in a trendy city neighborhood
  • Established in 1990’s and has a very loyal clientele
  • The menu is a mixture of favorite Italian and American dishes
  • A small bar is available serving wine and liquor
  • Current sales shown are based on this Bistro being open only 25 hours a week
  • Has its own parking lot for 24 vehicles and some off-street parking is also available
  • Outdoor patio available in the warmer months
  • Hours of business Tuesday thru Saturday 5 PM -9 PM

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

  • Furniture, Fixtures, and Equipment at a Fair Market Installed value of $45,000

 LEASE ARRANGEMENTS:

Current gross rent is $3,100 a month that includes garbage and hot water.

The Buyer can obtain a new lease from the landlord

SALES AND SELLERS DISCRETIONARY EARNINGS:                         

                                           2017                       

Sales:                          $ 246,310

Cash Flow (SDE):        $   87,384

PRICE/FINANCING:

    The Asking Price is $135,000. There is some seller financing available to a well-qualified buyer

 COMMENTS:

LOCATION,LOCATION,LOCATION is the key here.  This is a perfect opportunity for an owner-operator, or chef.  It has very low overhead expenses. There is a large walk-in business from the surrounding neighborhood.

This is a must see opportunity.

Agent Lou Bellanca

Lou-Bellanca1
  • Office : 585-247-4750

Lou Bellanca has been with AMD Business Brokers since 2009, bringing over 20 years of…
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