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Macedon/Fairport Area Equipped Restaurant with Property – Rochester

$449,000

Description

  • A Long-Standing Family Restaurant /Diner located off a well trafficked highway
  • Operating since 1999, and recently remodeled
  • Very loyal local clientele
  • Open daily 7am to 8 pm except Mondays 7am tot 2pm
  • Offerings from seafood to pasta dishes to sandwiches and wraps
  • Located on 1.36 acres with easy access off highway
  • Popular for travelers and truckers. Has a very loyal Mormon clientele

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

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

SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):

 

2022 2021 2020
SALES $626,980 $616,439 $400,070
  • Owner currently pays themselves $4,000 a month rent.
  • Additional income consists of another 20% cash

PRICE/FINANCING:

  • Asking price is $449,000 for business and property.
  • The property is valued at $275,000
  • Business is valued at $175,000

 COMMENTS:

This is a family-owned business where the owner is looking to retire after 25 years. Very profitable and consistent sales.

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Macedon/Fairport Area Equipped Restaurant with Property – Rochester

Stuart P. Levy

Senior Business Adviser