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Restaurant/Banquet Facility with Property - Finger Lakes Region

Rochester, NY

Seller Financing Available

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Asking Price:$2,400,000
Inventory:$10,000
FF&E:$100,000
Established Year:2014
Gross Revenue:$762,804
Rent:$7,500/Month
Real Estate:$2,100,000
Listing ID: 2240354Listing provided by BizBuySell
BUSINESS DESCRIPTION

• Popular Bar Restaurant with property in the Finger Lakes area.
• This multi-use downtown row 16,332 square foot property includes the restaurant/banquet facility, with 6 occupied apartments.
• 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
• Outdoor patio
• Plenty of parking available
• Hours of business are Tuesday – Sunday 4:30 – 9:00
• Total operating hours a week 33 hours a week

DETAILED INFORMATION
Location
Rochester, NY
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
6,000
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
6,000 square foot facility with $100,000 of furniture, fixtures, and equipment.
Growth & Expansion
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. Added revenue form the apartments would generate an additional income of over $170,000 a year.
Financing
Some available to a well qualified buyer.
Support & Training
The current owner will do everything necessary to ensure a smooth transition of ownership.
Reason for Selling
Retirement
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James Manno
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James Manno
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