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Party House Restaurant And Bar In Rochester For Sale

Rochester, New York
Asking Price:
$140,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$236,026 (USD)
Cash Flow:
Available on request

~Banquet facility is an elegant, generous space that can accommodate over 200 guests, with its own bar area
~Huge upside potential for catering business
~Large, well-lit parking lot
~Outside patio, gazebo, and garden for ceremonies and events

Property information

Real Estate:

Lease

Lease Terms:

Lease $0 per month.

Location:

Monroe County

Premises Details:

8,139 sq. ft. facility with patio, back deck, gazebo and gazebo garden.

Business Operation

Expansion Potential:

~Recommend advertising more heavily for wedding receptions and other private parties ~Suggest extending the season with minimal staff, especially if the new owner were a chef with managerial skills

Competition / Market:

There are other party houses and restaurants in the area, but this one, overlooking the golf course, is a big attraction.

Reasons for selling:

The seller is ready to retire.

Employees:
1 FT / 14 PT
Years established:
8

Other Information

Support & training:

The seller offers to provide a minimum of two weeks of training to assure a smooth transition.

Financing available:

With $100K down, seller will finance balance over 5 years @ 7%.

Furniture / Fixtures value:
$45,000 (USD) - included in the asking price
Inventory / Stock value:
$1,500 (USD) - included in the asking price

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