Restaurant
| Asking Price: | $3,500,000 | Inventory: | $35,000 ** |
| Gross Revenue: | $1,598,000 | Real Estate: | $3,350,000 ++ |
| Cash Flow: | $219,000 | FF&E: | $300,000 ** |
| ++ included in the asking price ** not included in the asking price | |||
Rare opportunity to purchase not only a well established restaurant and function hall perfectly designed to cater weddings, meetings, and conferences of any size. This is a turn key successful business that has averaged over 1.5 million in gross sales and over on an average basis for over the past 5 years plus approximately $15k in net lottery income. There are still opportunities for expansion and increasing sales with a hands on owner, discretionary cash flow averages $200k or more. Don’t miss out call and ask for more details.
About the Business
Year Established:1939
Employees:8 full time - 35 part time
Facilities:22,346 sq. ft. facility
About the Sale
Management Training and Support:Seller agrees to aid in a smooth transition.
Reason For Selling:Refocus on start up business.
KEYWORDS: Restaurant; Function Hall; Lottery Sales
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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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