Well Known Very Profitable Restaurant, Seller Financing

Asking Price: $215,000

Business Description: Asking price $215,000. Seller Financing to qualified buyer, 50% down. Or see how you can possibly buy this business with 100% financing package, with no bank involved. Owner is motivated to sell. Well-known eatery that has been around for many years with fantastic food and moderately priced menu. The restaurant has an excellent reputation and very good service. Large loyal customer base. Includes dining room with a separate bar area. Comes with 3 way liquor license. Just a very well run business. Catering business is growing and is actually the easiest part of the business. Plus, new owner will receive prepaid deposits for booked business. If you haven’t been there, you will fall in love with it. Turnkey business, new owner can just take over. The new owner could easily grow the business. Unlimited growth potential. It is anticipated that current staff will stay on.

Operational Strengths: Well established with good staff in place. Current owner does not spend enough time at the restaurant to maximize business. Catering business is growing. New owner could easily increase revenues. Unlimited growth potential.

Seller Financing: Owner would like $100,000 down and rest in seller financing
Well Known Very Profitable Restaurant, Seller Financing

 

Facility: Fully Equipped restaurant. Excellent condition. Great atmosphere in both the dining room and bar.

Reason for Sale: Busy with other businesses. Wants to get this off their plate.

Opportunity: Turnkey operation with growth potential.

The Transaction: Owner will stay on for a transition period 30 days and/or as needed.

Gross Income $700,000 +

Cash Flow $115,000

Furniture, Fixtures, Equipment $75,000 and is included in asking price.