Asking Price: $600,000
Revenues: $1,200,000
Profit: $240,000 (Year after year)
Business Description:
New Price! Motivated Seller – retiring. This well-known restaurant is a true gem. Very desirable business. An icon in the community. The history of steady revenues and profits year after year speaks for itself. Profits reach $240,000 to $265,000 year after year. Very profitable. Food is excellent as is the service. This one stands out from the competition. A very desirable area of town, on a busy street and area is still growing. Owner has built up a loyal customer base. This establishment has been around for a number of years and is very well established. Food is superb. Includes a 3-way liquor license. Very attractive restaurant with separate dining room and bar area. Great curb appeal, plenty of parking and easy access. Turnkey operation.
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Operational Strengths: Well established with excellent reputation and name in the industry.
Facility: Fully Equipped restaurant. Excellent condition. Large Kitchen with unlimited growth potential.
Reason for Sale: Retiring
Opportunity: Turnkey operation with growth potential.
The Transaction: Owner will stay on for a transition period 30 days and/or as needed.
Furniture, Fixtures, Equipment $100,000 and is included in asking price.
Competition: Limited competition in the area.
Real Estate: Owned. Not included in asking price. Lease or sell.