Established Restaurant for Sale Jamestown NY

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Asking Price:
$79,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$50,000
included in asking price

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Business Description

Owner has businesses in Erie Pa and this one in Jamestown NY. Managing hands on and travel between the markets is reason for sale of Jamestown Location. Business is in leased facility and lease cost includes utilities. Sales in mid 5 figure range. Purchase includes equipment, inventory 3 yrs plus goodwill, previous owner consulting and guidance and possible financing assistance.

About the Business

Year Established:
2014
Number of Employees:
8
Home Based:
Yes
Real Estate:
Leased
Building Sq. Ft.:
6,500
Lease Rate/Sq. Ft./Mo.:
$3,200.00
Lease Expiration:
8/31/2021
Facilities:
Downtown Jamestown well located with municipal parking across st. 0ne block from the new National Comedy Center and 2 blocks from new 160 room Doubletree Hotel opening Nov 2018. 3 blocked from dual rink state of the art Ice arena.
Website:
WWW.frescopizzaandwings.com
Market Outlook/
Competition:
Standard restaurant completion, but location has significant tourism growth in process. This operation with pub bar area and restaurant, pizza wing Italian food options and banquet rooms are major pluses.
Growth & Expansion:
Owner has not managed hands on for last 2 years which offers increased potential sales increase and expense management opportunity.
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About the Sale

Reason For Selling:
Multiple long distance locations. Divesting the single location in Jamestown NY
Training/Support:
Owner will provide to guidance to successful buyer.
Seller Financing:
Possible to qualified buyer

Listing Info

ID:
1560571
Ad Detail Views:
237

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Business Listed by

William Salter

Chautauqua4Sale
License# 10401205516

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U.S. Census Data for Chautauqua County, NY
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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