Iconic Dinner Only Restaurant/Bar w/Steady Sales & Profits!
| Asking Price: | $299,000 | Inventory: | $8,000 ++ |
| Gross Revenue: | $490,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $100,000 | FF&E: | $80,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2008 sales | |||
SELLER HAS REDUCED ASKING PRICE TO FACILITATE PROMPT SALE! Exceptional opportunity!Recession Resistant! This very well known 40 year old restaurant/bar is one of a kind! Generation after generation have celebrated anniversaries, birthdays, rehearsal dinners, Valentine’s Day... at this very special restaurant. Become the proud owner of this restaurant/bar and enjoy the prestige and the profits. Sales are extremely steady year after year with minimal advertising and nice PROFITS!! The restaurant has plenty of room for large private parties as well as a kitchen large enough for catering while serving your regular customers. If you are serious about owning a steady, well known, and profitable restaurant/bar and you are financially qualified, call Mark today for additional information on this exceptional restaurant opportunity!
About the Business
Year Established:1968
Employees:5 full time - 17 part time
Facilities:The restaurant is 9500+- sq ft and seats 280 people. Rent is 7.5% of net sales + $555.00 for water, trash, and common area maintenance.
Market Outlook and Competition:Only restaurant in the area serving this menu. The restaurant is located in an upscale area with great demographics. A MUST SEE!!
About the Sale
Management Training and Support:Yes, Negotiable. Seller desires a smooth transition.
Reason For Selling:Seller has owned the restaurant for 13 years and is MOTIVATED to make a career change.
Seller Financing:Seller will consider partial financing to qualified Buyer!
KEYWORDS: restaurant bar dinner iconic special liquor food pasta growth potential profitable whisky iconic cafe short hours great address location private parties catering HIGH TRAFFIC OUNTS GREAT DEMPOGRAPHICS
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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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