High-Volume Restaurant/Bar/Banquet Facility – Canandaigua Area – Finger Lakes Region

For Sale

DESCRIPTION: Popular Bar Restaurant in the Finger Lakes area Has a roof top patio Located off a Major Highway Live Music, Banquet Catering, Wedding Venues 250 seats include 6000 square feet bar and restaurant space Menu is continental style Full catering menu Plenty of parking available Hours of business are Tuesday – Sunday 4:30 – 9:00 Total operating hours a week 33 hours a week  ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price): Furniture, Fixtures, and Equipment at a fair market installed value of $100,000 PRICE/FINANCING: Asking Price $275,000 Financing negotiable to a well qualified buyer Purchase of property can be discussed  COMMENTS: Location is key here. located in the Popular Finger Lakes area. This two story facility is capable of doing high volume sales with the right operator who has a background in catering and banquets. Open all year around with minimal operating hours.  Expanding into lunches and more outdoor events with more operating hours will generate increased revenue.

$275,000

Popular East Side Bar and Grill – Rochester

Sold

A popular east side Bar and Grill located off a busy New York State Interstate It has been in operation since 2011 Features a delicious American cuisine menu There is a large bar area with a separate dining room for seating up to 150 customers There is also a large outdoor patio area with seating for up to 100 customers It has a very loyal clientele with consist sales of over $ One Million Dollars every year All of the equipment is in very nice operating condition Has a large well-lit parking lot Current hours that this restaurant is open Sunday – Saturday 11:30 AM – 2 AM ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price) Furniture, Fixtures, and Equipment at a Fair Market Installed Value of $ 75,000 Inventory of $ 15,000 at cost  LEASE ARRANGEMENTS: Negotiable term lease at a base rent of $ 6,500 (triple net), plus property tax averaging an additional $ 1200 a month SALES AND SELLERS DISCRETIONARY EARNINGS:                                                         2020                            2019                   2018                2017 Sales:       $1,076,945        $ 1,356,769        $ 1,332,991     $ 1,236,894 Cash Flow (SDE): $     87,776        $    184,661        $    198,095   $    195,935  PRICE/FINANCING: The asking price is $ 325,000 Financing is available to a qualified buyer with at least $ 100,000 down Property is available at a price of $ 475,000 and seller will finance with 20% down.  COMMENTS: This east side location is the key here. After 10 years, the owner looking to retire.  

$325,000

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