Property Details

Upscale Victor Area Taproom/Restaurant and Banquet Facility - Ontario County

Property ID : SPL25.229

For Sale $165,000.00 - Catering, Nightclub, Restaurant

DESCRIPTION:

  • Established, very popular, Victor Area restaurant, taproom, banquet facility, and catering services
  • Long standing reputation in the community, with loyal clientele.
  • 3,200 s.f. restaurant with full kitchen, and attractive bar area
  • 3,000 s.f. banquet facility, with full kitchen and bar.  The banquet facility can be split to serve two events.
  • There is a small outdoor dining patio.
  • There currently are 5 full time, and 15 part time employees, which include a General Manager and Banquet Manager.

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

  •  Furniture/Fixtures/equipment are valued at $45,000.       
  • Inventory valued at $3,000

 LEASE ARRANGEMENTS:

  •  The current lease is $7,000 per month triple net
  • Taxes are $24,000/year, increasing the lease to $9,000/month.
  • Lease expires in 2021 and is negotiable.

SALES AND SELLERS DISCRETIONARY EARNINGS:                  

           Reported sales for 2016 were $952,000.

  • Reported sales for 2017 were $835,145

 PRICE/FINANCING:

The asking price is $165,000.  Seller financing is available to a qualified buyer with 50% down.

 COMMENTS:

This is a tremendous opportunity.  Restaurant is only open 6 days.  Sales can be increased by opening seven days for brunches, increasing bar sales by having live music and a late night atmosphere.

Agent Stuart Levy

Stuart-Levy1
  • Office : 585-247-4750

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