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Popular Restaurant & Bar in the Park Avenue Area – Rochester

$249,900

Description

DESCRIPTION:

  • Location is the key.
  • Popular Restaurant and Bar located in the Park Ave Area of Rochester, NY
  • In operation for over 5 years
  • 2,200 square feet of dinning, bar, and kitchen space.
  • Menu offers food, coffee, cocktails, craft beer, and wine.
  • Bar is designed to attract a craft beer and specialty drinks crowd
  • Very loyal clientele
  • Ample street parking, and off-street parking with public access available

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

  • Furniture, fixtures & equipment at a fair market installed value of $75,000

LEASE ARRANGEMENTS:

  • Current lease is $4,000 a month gross with options through June 2032

SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):

 

2023 2022
SALES $553,599 $465,028

 PRICE/FINANCING:

  • Asking price is $249,900
  • Some seller financing available to o a qualified buyer

COMMENTS:

This is an ideal opportunity to own a popular restaurant and bar in the Park Avenue area.

Many opportunities to increase revenue such as expanding hours. Catering can be another revenue stream. Seller will stay on for a period of time to work and train.

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  • Country United States
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Popular Restaurant & Bar in the Park Avenue Area – Rochester

Stuart P. Levy

Senior Business Adviser