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RESTAURANT WITH LIQUOR LICENSE NEEDS TURNAROUND OWNER
| Asking Price: | $375,000 | Inventory: | $15,500 ++ |
| Gross Revenue: | $380,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | $375,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: Previous owner did over 1 million dollars | |||
This beautiful thirty (30) year old 5,000 square foot family style Italian restaurant seating 172 people with a full 16 seat bar needs a major change. The business presently operates as a family style Italian restaurant, Owner does not promote bar trade. The facility also has an attached takeout beer shop. This business, prior to present ownership did a million dollar volume. At the present the business has sales in 2008 of $380,000 dollars and is a break even situation with ownership taking little or no payroll.
If you are the type of individual or company, that is comfortable with a turn around or possibly a total conversion to any entirely new venue, then you should contact us for this business opportunity.
This business is being offered at only $375,000 for asset value. This county places an asset value for a liquor license of at least $225,000 dollars. FF&E has a replacement value of at least $150,000 dollars.
This location is on a busy go home side of the road. The local support is upscale upper middle class community.
If you are the type of individual or company, that is comfortable with a turn around or possibly a total conversion to any entirely new venue, then you should contact us for this business opportunity.
This business is being offered at only $375,000 for asset value. This county places an asset value for a liquor license of at least $225,000 dollars. FF&E has a replacement value of at least $150,000 dollars.
This location is on a busy go home side of the road. The local support is upscale upper middle class community.
About the Business
Year Established:1979
Employees:2 part time
Facilities:The facility is nicely laid out as full service restaurant and bar operation. Main dining room has large balcony seating area. There is a large kitchen area. Facility has an adjoining shop used as a Beer store
Market Outlook and Competition:This operation is prime for a new exciting venue. There are many options for different styles of restaurant operations. THE IMMEDIATE COMMUNITY HAS GROWN AND CONTINUES TO GROW.
About the Sale
Management Training and Support:Owner wll do any reasonable transistion training period
Reason For Selling:Unable to bring this back to orignal condition
Seller Financing:Seller will provide financing up to 45% for qualified buyer.
KEYWORDS: Restaurant Family restaurant Italian restaurant Bar Full bar Liquor license Beer shop turnaround opportunity
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State: Pennsylvania
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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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