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Industry: Restaurant
Full Service Restaurant for Syracuse Univ Area
Location:
Listing#: 9022
Details
Industy: Restaurant
Listed Price: $695,000
Down Payment: $139,000
Lease Information
Square Feet: 3420
Monthly Rent: $2,880
Expiration Date: 6/30/2010
Deposit: $2,880
Renewal Options: Transfer of current property lease consisting of an overall 15 year term lease.
Included in Purchase Price:
(seller's estimated value)
Fixtures and Equipment: $100,000
Inventory: $20,000
General Information:
Year Established: 1964
Seller Owned Since: 1964
Employees: 4 FT, 4 PT , 2 Mgrs
Hours Open: Business is generally opened 8 – 12AM, 4 days per week and 9-2 AM, 3 days per week.
Training: 52 week
Type: Partnership
Owner's Duties: Manage and Market the restaurant
Non-Compete: 40 miles for 5 years The sellers will certify that all governmental environmental issues are being satisfactorily addressed and are willing to negotiate a Hold Harmless Agreement for the new owners.
ASDE: $214,819
Business Description:
1) Business is casual dining in a renowned University setting offering a full Breakfast, Lunch and Dinner menu with the broadest offerings on campus.
2) Business is generally opened 8 – 12AM, 4 days per week and 9-2 AM, 3 days per week.
3) Rights to License renowned Pizza Recipe.
4) Superb and respected delivery business.
5) Lease is for 5 years (3years remaining) with 2 5 year extensions and assumable.
6) Lease provides for the offering of Beer and Wine.
7) Lease property consists of first floor prime space of 1,620 Square Feet and a basement/preparation/storage space of approximately 1,800 Square Feet for a total available space of 3,420 Square Feet.

Business has its own WEB site and also utilizes a College ordering site and receives over 1,000 orders per week, with an estimated 5,000 WEB site hits between the 2 sites
Contact me about this business:
Office Manager
Amazing Business Broker
Telephone: (315) 963-4516
amazing@logical.net

This information contained herein is provided by Seller and has not been audited, verified, or investigated by Broker or Agent. Listing Broker is agent for Seller. Buyer is advised to fully investigate and verify all representations regarding subject business/property and to consult their attorney and/or accountant. This offering is subject to prior sale.
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