Bar & Grill with Parking & Outdoor Patio

Syracuse, NY
Onondaga County

North-East Side


Asking Price: Annual Revenue:
$125,000 $400,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Bar & Grill with Parking & Outdoor Patio Broker: Scott Dumas
License #: 10351216188

Quick Facts

Asking Price: $125,000
Annual Revenue: $400,000
Net Profit: Not Disclosed
Cash Flow: $133,000
Total Debt: Not Disclosed
FF&E: $45,450
Real Estate: $330,000
Year Established: 2018
Employees: 5
BBN Listing #: 336962262
Broker Reference #: Not Disclosed

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Business Overview:

**** EXACT LOCATION REQUIRES A SIGNED CONFIDENTIALITY AGREEMENT ****
Recently upgraded bar & grill surrounded by parking and strong daytime & evening population.
This well-known pub, a staple in it’s neighborhood, features @ 2,000 SqFt of restaurant space and plenty of additional storage and space for future uses.
Lots of upside!

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Property Features and Assets:

Features high quality wood trim, 9 TV’s, darts, pool table, jukebox and a full kitchen capable of handling more than this restaurant. The facility is very well maintained with most equipment in nearly new condition. Surrounded by controlled and street parking. Ideal for owner-operator who seeks the opportunity to own their own real estate. Second floor of the building us completely unused. Could be used as event space, offices or even convertible to a small apartment.

Market Competition and Expansion:

Located at a intersection that provides easy access for dense walking-distance housing and easy access to a state route, and major regional interchange. Nearly 100 active businesses within ¼ mile of the site and evening population of 9,245 in 4,570 households within 1 mile of the facility. The current operation does not participate in take-out, grub hub or delivery of any kind. 2 curb cuts on the corner with 20+ onsite parking spaces and street parking along side street fits roughly another 20 spaces. The surrounding housing market has seen home values (average $140,000 – $160,000) increase 8% over the past year and are projected to increase another 2% in the next 12 months.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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