Popular Restaurant & Bar in the Park Avenue Area – Rochester
Description
DESCRIPTION:
- Location is the key.
- Popular Restaurant and Bar located in the Park Ave Area of Rochester, NY
- In operation for over 5 years
- 2,200 square feet of dinning, bar, and kitchen space.
- Menu offers food, coffee, cocktails, craft beer, and wine.
- Bar is designed to attract a craft beer and specialty drinks crowd
- Very loyal clientele
- Ample street parking, and off-street parking with public access available
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
- Furniture, fixtures & equipment at a fair market installed value of $75,000
LEASE ARRANGEMENTS:
- Current lease is $4,000 a month gross with options through June 2032
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
| 2023 | 2022 | |
| SALES | $553,599 | $465,028 |
PRICE/FINANCING:
- Asking price is $249,900
- Some seller financing available to o a qualified buyer
COMMENTS:
This is an ideal opportunity to own a popular restaurant and bar in the Park Avenue area.
Many opportunities to increase revenue such as expanding hours. Catering can be another revenue stream. Seller will stay on for a period of time to work and train.
Overview
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ID SPL25.503
Contact Agent
Address
Open on Google Maps-
Country United States
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Province/State New York
Details
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Property ID SPL25.503
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Price $249,900
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Property Type Hospitality & Food Service, Lounge
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Property Status Sold