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Listing ID: 3163183

GastroPub with Great Location For Sale

Erie, New York, United States

$ 390,000

(Furniture / Fixtures and Inventory / Stock included)
(Real Estate Included)

Revenue: $ 559,840

Cash Flow: $ 45,000

Business Description

Very stylish restaurant with a comfortable atmosphere. It has been recently renovated and updated. This restaurant is best described as a place for locals to gather for a cocktail or a full meal, while also attracting new friends due to its great reviews, talented and seasoned kitchen staff and focus on customer service. It capitalizes on 2 emerging concepts in the food industry of gastro and scratch. Craft beers, distinctive wine list and popular niche food offerings are the theme of this gastropub. With a great location, this restaurant offers an opportunity to own in a real up and coming area.

• Lots of walking traffic making this a local favorite
• Client list numbering 3,000+ included
• Recent renovation with room to expand this beautiful space
• Great location and ample parking
• 3,160 Square Feet with 52 seats inside and up to 30 on outside patio
• Seasoned staff 18 employees
• Ample municipal parking
• Real estate is owned and offered separately

Please contact us for more details.

Property Details

Size:

3160 soft

Years Established:

2017

Property Type:

Real

FF&E:

$ 66,956

Inventory Value:

$ 28,111

Real Estate Value:

$ 215,000

Other Details

Business Location:

Located close to the heart of an up and coming village, adjacent to substantial residential base. This area is on the rise and this high-traffic location is ideal. Location attracts much foot traffic, and is a high traffic area.

Premise Details:

Recently renovated, 3,160 square feet, seating capacity 52 inside (being expanded) and over 30 outside. The upstairs is currently being refurbished and is expected to be ready for use by years end. This will add available square footage and 24-28 in seating capacity, as well as an additional bathroom. • 3,160 square feet • New outdoor patios • .23-acre site • Ample parking • Great location • Buy or negotiate a lease

Competition:

There are other restaurants and bars within the immediate area, but none offer the combination of gastropub and scratch kitchen!

Expansion Potential:

• Increase hours of operation utilizing more daytime weekday hours to increase revenue. • Increase seating capacity (indoor & outdoor) by expanding square footage o Upstairs room is not utilized (now under construction) o Possible 2nd floor deck • Increase marketing effort in dollars spent and tactics up to industry standards • Increase use of Door Dash, Uber Eats and RESY • Better leverage use of client list of 3k+ for email and social media efforts • Potential to add coffee shop and/or bistro component--trending!

Operation Details

Employees:

18 employees

Support & Training:

Provide two weeks training minimum, to ensure a smooth transition!

Relocatable:

Business Relocatable

Miscellaneous

Financing Available:

Yes
Negotiable.

Reason For Selling:

Retirement.

Contact this seller

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