Upscale Restaurant & Lounge
| Asking Price: | $495,000 | Inventory: | $15,000 ++ |
| Gross Revenue: | $580,000 | Real Estate: | n/a |
| Cash Flow: | $220,000 | FF&E: | $200,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This a great opportunity to own an upscale restaurant in one of the most rapidly growing areas in the state.
The restaurant was opened in March of 2008 so all of the equipment, furniture, and fixtures are state of the art and almost brand new. The furnishings in the restaurant are upscale creating a nice causal dining experience. This restaurant is one of a few places in a dry county that have a liquor license. The lounge is able to accommodate bands and is set up to be a relaxing place to unwind. They have a large dining area that can be closed off from the rest of the restaurant creating a private dining room for parties, meetings, and special events. The owner has been in the restaurant business for over 30 years and has created a wonderful dining experience featuring fine Italian food.
The seller owns the strip center where the restaurant is located. An additional 3,750 sq. ft. is available for lease or the entire facility can be purchased as an investment opportunity. Earnings are based on earnings through 07/31/2009. This is a “must see” opportunity with a loyal customer base. The fortunate new owner can take right over! Call or email today for more information.
The restaurant was opened in March of 2008 so all of the equipment, furniture, and fixtures are state of the art and almost brand new. The furnishings in the restaurant are upscale creating a nice causal dining experience. This restaurant is one of a few places in a dry county that have a liquor license. The lounge is able to accommodate bands and is set up to be a relaxing place to unwind. They have a large dining area that can be closed off from the rest of the restaurant creating a private dining room for parties, meetings, and special events. The owner has been in the restaurant business for over 30 years and has created a wonderful dining experience featuring fine Italian food.
The seller owns the strip center where the restaurant is located. An additional 3,750 sq. ft. is available for lease or the entire facility can be purchased as an investment opportunity. Earnings are based on earnings through 07/31/2009. This is a “must see” opportunity with a loyal customer base. The fortunate new owner can take right over! Call or email today for more information.
About the Business
Year Established:2008
Employees:2 full time - 25 part time
Facilities:5,000 sq. ft. building; available for lease or purchase
About the Sale
Management Training and Support:Seller will provide training
Reason For Selling:Retirement
Seller Financing:Seller will negotiate financing
KEYWORDS: food, retail, restaurant, lounge, bar, liquor, upscale
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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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