Well-Established and Very Profitable Restaurant – Rochester
A Well-Established and Very Profitable Restaurant in operation since 1973 is for sale Sales were $ 1,399,549 between August 1, 2020 through July 31,2021 It has a separate banquet room for large gatherings, or additional seating when the main dining area is full The Restaurant has 5,920 Square Feet and has seating for over 130 customers in the main dining area, and 100 in the banquet room This Restaurant has a very loyal clientele and excellent online reviews. It has a large selection of American Home-Cooked items on its menu. It is currently open daily from 8:00 AM to 9 PM There is a large private parking lot for up to 50 cars and/or trucks ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price) Furniture, Fixtures, and Equipment at a Fair Market Installed Value of $ 90,000 Inventory at Cost of $ 8,000 LEASE INFORMATION: A 3–5-year Lease at a Base Rent of $ 8,000 plus Triple Net Charges per month will be offered to the Buyer of this Restaurant SALES AND SELLERS DISCRETIONARY EARNINGS: Fiscal Year Ending 7-31 2021 2020 2019 2018 Sales: $ 1,399,549 $ 1,112,143 $ 1,346,061 $ 1,274,215 Cash Flow (SDE): $ 491,746 $ 245,596 $ 308,957 $ 233,548 PRICE/FINANCING: Asking price for the Business is $ 498,600 COMMENTS: Great opportunity for an owner/ operator looking for a well-maintained turnkey Restaurant or an owner of an existing restaurant looking for an additional location.