Restaurant
| Asking Price: | $225,000 | Inventory: | $5,000 ++ |
| Gross Revenue: | $263,905 | Real Estate: | $160,000 ++ |
| Cash Flow: | $108,358 | FF&E: | $45,547 ++ |
| ++ included in the asking price ** not included in the asking price |
This “For Sale by Owner” family restaurant has been established since 1945. This is a non alcoholic atmosphere where families can dine and enjoy good home cooking. Breakfast is served all day and they have delicious deserts. They do some catering and banquets. The staff of loyal employees would most likely stay after the sale. Tourism is a great draw for business and is great for growth opportunities. The present owners are looking to relocate and that is why they are making this great business opportunity available to you now. This is a profitable turn key business opportunity you don’t want to miss. The owners will stay on through a reasonable transition period to acclimate you to the business, the area and the clientele. Call today for more details.
About the Business
Year Established:1945
Employees:6 full time - 2 part time
Facilities:This restaurant has 2 buildings that are joined with a common walk through area. The first building is 1356 sq. ft. and the second is 2000 sq. ft. They have been recently remodeled including the addition of the second building.
Market Outlook and Competition:There is very little competition in the area. Growth and expansion could be obtained by extending the hours of operation during peak times of the year plus opening on Sundays could increase sales. Promoting catering and banquets would increase revenues. Diversify with a gift shop to promote the restaurant.
About the Sale
Reason For Selling:Relocate
Seller Financing:There is a possibility for some owner financing of 5-10% for the right buyer.
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