FOR SALE 601- 609 North Salina Street - LoopNet › d2 › 65eUdH5gEOzpQ0_Qx6W... · FOR SALE 601-...
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FOR SALE 601- 609 North Salina Street Syracuse, New York 13208 Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance For more information, please contact: William P. Evertz Real Estate Salesperson +1 315.445.8528 [email protected] Christopher Savage Real Estate Salesperson +1 315.445.8519 [email protected] 5786 Widewaters Pkwy, P.O. Box 3 Syracuse, New York 13214 phone: +1 315 445 1030 pyramidbrokerage.com FRANKLIN LUNCH & GRILL Demographic 1 Mile 3 Miles 5 Miles Population 25,404 140,506 233,751 Households 10,751 56,262 95,130 Average Income $40,413 $50,521 $61,132 Daytime Employees 33,978 106,654 174,880 Source: ESRI Business Analyst 2018 Traffic Counts North Salina Street 6,178 AADT Butternut Street 8,012 AADT Source: NYS DOT 2015 5,900± SF Mixed Use Building & Business Property Highlights • Landmark in Syracuse’s North Side, “Little Italy” district for 50+ years • 2,972± SF bar and kitchen (up to 67 patrons) • 2,928± SF dining room (up to 70 patrons) • Nine (9) apartments occupied on second floors providing additional income • Five (5) total parcels wrapping the corner of North Salina Street and Ash Street • Striped parking lot for approximately 25 cars • Fully equipped restaurant, bar and dining room • Consistently profitable for 50+ years • Great opportunity to operate your own business while owning the real estate!
Transcript of FOR SALE 601- 609 North Salina Street - LoopNet › d2 › 65eUdH5gEOzpQ0_Qx6W... · FOR SALE 601-...
FOR SALE
601- 609 North Salina StreetSyracuse, New York 13208
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
For more information, please contact:
William P. Evertz
Real Estate Salesperson
+1 315.445.8528
Christopher Savage
Real Estate Salesperson
+1 315.445.8519
5786 Widewaters Pkwy, P.O. Box 3
Syracuse, New York 13214
phone: +1 315 445 1030
pyramidbrokerage.com
FRANKLIN LUNCH & GRILL
Demographic 1 Mile 3 Miles 5 Miles
Population 25,404 140,506 233,751
Households 10,751 56,262 95,130
Average Income $40,413 $50,521 $61,132
Daytime Employees 33,978 106,654 174,880
Source: ESRI Business Analyst 2018
Traffic Counts
North Salina Street 6,178 AADT
Butternut Street 8,012 AADT
Source: NYS DOT 2015
5,900± SF Mixed Use Building & Business
Property Highlights
• Landmark in Syracuse’s North Side, “Little Italy” district for 50+ years
• 2,972± SF bar and kitchen (up to 67 patrons)
• 2,928± SF dining room (up to 70 patrons)
• Nine (9) apartments occupied on second floors providing additional income
• Five (5) total parcels wrapping the corner of North Salina Street and Ash Street
• Striped parking lot for approximately 25 cars
• Fully equipped restaurant, bar and dining room
• Consistently profitable for 50+ years
• Great opportunity to operate your own business while owning the real estate!
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
FOR SALE
601- 609 North Salina StreetSyracuse, New York 13208
Plenty of on-site parking
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
FOR SALE
601- 609 North Salina StreetSyracuse, New York 13208
INCOME
*Total sales 430,000$
COGS 146,136$
Gross Profit 283,864$
Lotto Profit 10,768$
ATM & Jukebox & Darts 8,600$
TOTAL GROSS PROFIT 303,232$
Additional Income
Renatal Income (9 Apts) 47,400$
TOTAL INCOME 350,632$
EXPENSES
Wages 69,638$
Property taxes (5 Parcels) 10,824$
Liquor liabilty Insurance 1,996$
Repairs and maintenance 6,072$
Professional fees 2,350$
Office expense 2,656$
Bank Charges 980$
Payroll Taxes & Licenses 27,857$
Insurance General 7,100$
Licenses & Permits 3,563$
Snow & Trash Removal 800$
Telephone & Internet 1,505$
Utilities 14,183$
Advertising 1,200$
Disability Ins. & Work Comp 7,809$
Payroll Service 1,018$
Trash Removal 1,850$
Misc 8,500$
TOTAL EXPENSES 169,901$
NET PROFIT 180,731$
Pro Forma Valuation
Franklin Grill
*Total sales determined by actual COGS industry standard liquor 24-28%, food28-35%, supplies 3-4%.
For this valuation we used 34% which should be on the high side as actual COGS were:
Liquor: $91,597
Food: $54,539
Total COGS: $146,136
The Franklin Grill is a full service lunch establishment serving only bar type food and alcohol after 4:00 PM.
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
FOR SALE
601- 609 North Salina StreetSyracuse, New York 13208
Dining Room
Side Parking Lot
Bar
Rear Parking Lot
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
FOR SALE
601- 609 North Salina StreetSyracuse, New York 13208
Outside Deck Bar
Building Rear
Side Parking
Additional parking
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
FOR SALE
601- 609 North Salina StreetSyracuse, New York 13208
Bar
Hood/Ansul System
Bar Tables
Three Bay SInk
