Restaurant-the Place to Meet
| Asking Price: | $525,000 | Inventory: | $2,000 ++ |
| Gross Revenue: | $1,160,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $93,000 | FF&E: | $232,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: annualized figures | |||
Lunch, cocktails, dinner, late night…this popular eatery has its regulars for all occasions. It draws families for lunch and dinner and business men and women for power meals. The comfortable outdoor seating is ideal for a romantic meal or just for people watching while you dine. The bar is a popular gathering place, and a fun venue for viewing your favorite sports event. The menu ranges from burgers to upscale, but all is affordable.
About the Business
Year Established:2005
Employees:16 full time - 16 part time
Facilities:The 3200 square foot facility is both attractive and functional, with an easy traffic flow inside. The inside tables seat 96 people comfortably, with an additional 20 seats at the bar and 48 seats at outdoor tables. The current lease has 4 1/2 years remaining at $6695/month.
Market Outlook and Competition:This is not a national chain. It is a homegrown business which has developed its niche by catering to local likes. It has developed a loyal following which continues to grow. This is a community restaurant and in walking distance to a substantial number of residents. Additionally, commercial space above the restaurant has just been leased and will assuredly increase lunch and dinner business. But its popularity also makes it a destination restaurant. It is situated in a still growing, affluent area.
About the Sale
Management Training and Support:Seller will train or potentially work with new owner.
Reason For Selling:Personal reasons.
Seller Financing:Some seller financing is a possibility.
KEYWORDS: restaurant, tavern, grill, grille, bar
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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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