Party Rooms (3) & American Restaurant For Sale

Rochester, NY

$199,000

$1,200,000/Gross Income

This is pure gold! Grossing well over a million with a good mix of liquor and food, this well known eatery easily qualifies as ONE OF A KIND.

Name recognition is high and the facilities are in a turnkey condition.

Parties are solid through the end of 2017, well into 2018.

It simply takes a more energetic or aggressive person or family to keep up with the myriad of details necessary for an active restaurant and banquet halls. 

The real estate too is owned by the same owner as the business. Sale of the real estate or a pure lease or a lease option are all possibilities.

  • City: Rochester
  • State/Country: Monroe County, New York
  • Country: United States

Detail

Updated on May 27, 2017 at 7:41 pm

  • Price: $199,000
  • Property Size: 10000 sqft

Additional details

  • Gross Income: $1,200,000
  • Cash Flow: $140,000
  • FF&E: $100,000
  • Inventory: $35,000
  • Real Estate: $1,100,000 (not included in sale price)
  • Established: 1995
  • Employees: 22
  • Facilities: Over 10,000 square feet consisting of main dining room, bar area plus multiple banquet rooms. Many facets of the facility have been improved or upgraded over the years. Ample parking. easy access from main road and expressways. One scenario is to make a themed restaurant as a stand alone, within the same edifice. Outside city limits.
  • Competition: This enterprise has continually distinguished itself with superior quality food and premium service for a long time in the Monroe County area. Classic name and classic food. Yes, they truly do have the "secret sauce".
  • Growth & Expansion: Catering and outside events have been underutilized. There needs to be a banquet manager to maximize the utilization of all of the facilities capacity.
  • Financing: Possible owner financing
  • Support & Training: Owner will train as long as necessary for seamless transition
  • Reason for Selling: Retirement

Contact info

CONTACT AGENT

  • Ronald B. Gould

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