Gates Area Long-Standing Restaurant and Lounge – Monroe County

DESCRIPTION:

• A long-standing, well-known Family Restaurant with an attached bar, and lounge.
• Located in a strip mall setting
• Operating since 1978
• Very loyal clientele
• Premises size 5,500 square feet
• Menu consists of an American and Greek style specialty’s
• Open 6 days a week, breakfast, lunch and dinner.  Closed Sundays
• Plenty of well-lit parking available

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

• Furniture, Fixtures, and Equipment at a fair market installed value of $ 75,000
• Inventory at Cost of $ 5,000 

LEASE ARRANGEMENTS:

• Current lease is $ 5,560 gross a month. A new lease can be negotiated

  REPORTED SALES

 PRICE/FINANCING:

• Asking price is $185,000
• Financing is available with 50% down.

COMMENTS: Ideal location for a Bar lounge. Restaurant does need some remodeling. Owner looking to retire after 43 years