Family Friendly Restaurant with Pizza and Full Bar - Priced To Sell!
| Asking Price: | $295,000 | Inventory: | |
| Gross Revenue: | $1,000,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $210,000 (comments below) | FF&E: | $120,000 ++ |
| ++ included in the asking price ** not included in the asking price |
| Gross Revenue Comments: Aprox. |
| Cash Flow Comments: Aprox. |
$100k Price Drop! Only $195k Down - Owner will finance the rest! That is less than one year's cash flow! This is what you've been looking for. A well established restaurant with bar that does big business and throws off a substantial amount of cash. On top of that it has a great lease and a very reasonable asking price. Everything about this opportunity says it will not last long. Expand on the current concept or bring your own. At this price (less than 1.5X cash flow) the opportunities are limitless!
About the Business
Year Established:2004
Employees:6 full time - 3 part time
Facilities:Excellent location with direct visibility to main road and from busy highway. 60 seats in dining room and 20 at the bar. Creative upscale / casual decore. 2,800 sq. ft plus outdoor space. Lease: Great lease - $4,700 per month - includes everything. That's less than 6% of gross sales. 11 years remaining. Also, new lease is available if desired.
Market Outlook and Competition:This is "the big fish in the small pond". Very few direct competition establishment in the area. At least not on the same level as this place. Growth: Several very good avenues for growth. Catering, theme nights, open 7 days a week, expansion into outdoor area.
About the Sale
Management Training and Support:Owner willing to provide hands on training for two weeks followed by 30 days of phone support.
Reason For Selling:The owners have worked very hard over the past few years building this place up to be the money maker it is. Now they are looking towards other opportunities.
Seller Financing:Owner will provide $100k of financing to well qualified purchaser. Only $195 down - that is less than one years cash flow!
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