Gates Area Long-Standing Restaurant and Lounge – Monroe County

For Sale

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 2024 2022 SALES $492,577 $5243,736  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

$185,000

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

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