Golf Friendly Restaurant with adjacent banquet facility

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Asking Price:
$175,000

Gross Revenue:
$900,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Near five golf courses, and with a relaxing casual interior, this is a popular restaurant after a day on the links. Also preferred by families in the area for great American menu and reasonable prices.Long history of advertising and catering to golfers has quietly built this business to close to $1M and still growing, includes separate banquet facility with seating for 100 in historic brick building. This restaurant has a thirty year history and is located in the fastest growing suburb of Rochester, NY. Long term lease available and the building is also for sale but listed separately. This is a very nice opportunity to take advantage of the growth in population and real estate values in this suburb.

About the Business

Location:
Victor, New York
Year Established:
1986
Number of Employees:
16
Real Estate:
Leased
Building Sq. Ft.:
11,000
Rent:
$5,000.00 Per Month
Facilities:
11,000 sq. ft. on two stories. Historic brick building with excellent maintenance history, parking for over 100 cars. Present lease term expires in two years but there are are additional five year options at the tenant's discretion. The banquet facility is on the lower level with a separate full service bar and grade level entrance and parking with NO stairs. This nicely decorated area has high ceilings and a fireplace.
Market Outlook/
Competition:
This is the closest restaurant/bar to the nearby golf courses and is the only one that is preferred by this discriminating clientele because the owner understands and gets it right. There are a few others in the area but most are further away. This is also the most family-friendly restaurant in the area.
Growth & Expansion:
The double digit population growth in this county and this town provide a built-in opportunity for organic sales increases. The addition of outside seating would enhance this and be a big plus.
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About the Sale

Reason For Selling:
The owner owns another restaurant and desires to spend more time with his family
Training/Support:
The present owner will provide ongoing assistance and training.

Listing Info

ID:
1637479
Ad Detail Views:
0

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Business Listed by

Michael Drew

Michael Drew Real Estate
License# 35DR1162214

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