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Breakfast & Lunch Place - Reduced Price!

| Asking Price: | $100,000 | Inventory: | $5,000 ++ |
| Gross Revenue: | $245,399 (comments below) | Real Estate: | n/a |
| Cash Flow: | $60,290 (comments below) | FF&E: | $50,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 6 days a week | |||
| Cash Flow Comments: can be as high as $80K | |||
The business is located in a downtown neighborhood where it draws clients primarily from the surrounding area, including commercial and residential walk-in traffic. Restaurant has prominent, attractive signage. The business does a significant amount of delivery and catering business on weekdays, including accounts with a major university. On the weekend it is overflowing with customers, some Sundays the waiting list for a seat reaches nearly 100 people.
About the Business
Year Established:2005
Employees:2 full time - 8 part time
Facilities:Current owners lease the property that is 1,200 sq. ft. and has on street parking, in addition there is a commuter parking lot just a few steps away. Restaurant seats 28 people in a very eclectic neighborhood. Current lease is $1,500/mo. Landlord is willing to assign the lease which has a term through 2016.
Market Outlook and Competition:Current owner has done a good job of marketing and advertising. They regularly print up flyers which they hand out to customers and local businesses. They send out a daily fax to people who request it, nearly 250 a day. He currently spends very little on adverting, some could be done to help fill more seats from Mon-Thurs. Customers want him to open on Mondays.
About the Sale
Management Training and Support:Owner is willing to train new owner for two weeks at no additional charge to provide a smooth transition. Owner is willing to stay on as a cook for some in determinant period to be negotiated.
Reason For Selling:Owner has other interests
Seller Financing:Seller prefers cash deal, but will consider all offers.
KEYWORDS: Breakfast, Lunch, Catering
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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