Beloved Landmark Institution - Profitable Restaurant & Bar

Asking Price$650,000

Cash Flow
$275,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,940,242

InventoryNot Disclosed

FF&ENot Disclosed

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Beloved Landmark Institution - Profitable Restaurant & Bar


Asking Price$650,000

Cash Flow
$275,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,940,242

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Loved and respected full-service restaurant opportunity!
First time offering for this historic institution!! This very much loved and respected full-service restaurant and bar has deep roots in the community! The passionate owner built out this amazing space forty years ago and it has served as a community fixture for decades! Known as the go-to spot for family dining, its active bar, private functions and off-site catering events, the business enjoys a strong and loyal following. Housed in a stunning structure, the space offers a unique blend of heritage and charm. It’s frequented by locals, politicians, and dignitaries. The business has been running absentee for some time. A long-term and loyal staff in place keeps the business running like a well-oiled machine and will stay on for new ownership!

With a consistent, year-over-year customer base and steady growth, there is significant upside potential. A light refresh of the menu and décor could further boost both sales and profits. Perfect opportunity for a seasoned operator, or an established group looking for a busy, profitable, one-of-a-kind spot to add to their brand. All sales and profits are verifiable which makes this an SBA bankable deal. Owners are reasonable and committed to a smooth transition; they respectfully ask we only share the details with well-qualified buyers who can verify proof of funds. Inquire to schedule a confidential showing of this rare must-see opportunity today!!

FACILITY: Historic Freestanding Building
PARKING: Private Lot, Public Lots and Street Parking
EQUIPMENT: The equipment is in good condition and has been well maintained.
LEASE TERM: Four years remaining with Three Five Year Options
BASE RENT: $18,500 (Includes the NNN)
CONCEPT: Family Restaurant and Sports Bar
SIZE: 7,992 square feet plus basement
SEATS: Seating for 254 (Licensed for 277 seats)
HOURS: Open daily for Lunch and Dinner
LICENSES: Full Liquor License, Entertainment License
SALES: $2,940,242 (60% Food 40% Liquor)
CASH FLOW: $275,000
ASKING PRICE: $650,000 (For the Business)
About the Business
Real Estate
Owned or Leased
Leased
Listing Info
ID
2422352
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Business Listed by: Todd Smith Corbett Restaurant Group

Listing ID: 2422352 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. See our full Terms of Use. Learn how to avoid scams.


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