Popular East Side Bar and Grill – Rochester
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.