Property ID : WSD24.246
For Sale $94,900.00 - Catering, Restaurant
- A well-established sandwich shop and catering business in operation since 2004
- Beautifully decorated and laid-out floor plan with all of the equipment in very clean condition
- 90% of sales are walk-ins with another 10% of sales in catering
- Located on a very busy street in Rochester, NY surrounded with residents and employees of businesses next to this shop
- Is only open Monday-Friday 8 AM – 3 PM
- 1,500 sq. ft. premise with seating for 24
- Two part-time managers assist the part-time owner in the operation of this shop
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
- Furniture, Fixtures, and Equipment at a fair-market installed value of $ 35,000.
- Inventory of $ 2,500 at Seller’s cost
- Gross rent is $ 1,200/month.
- Current lease expires 9/30/2019. A new lease will be offered to the buyer of this business
REPORTED SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
2018 2017 2016 2015
Reported Sales: $ 245,306 $ 234,360 $ 240,931 $ 219,464
Reported SDE: $ 32,240 $ 29,209 $ 37,249 $ 31,446
- The asking price is $ 94,900.
A great opportunity for an individual with restaurant experience to become the owner of a turn-key sandwich shop. Expanding hours of operation and performing more catering services will expand sales and profits at this business.