Downtown Restaurant - Low Rent / Great Hours

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Downtown Restaurant - Low Rent
Asking Price:
$150,000

Gross Revenue:
$435,960
Cash Flow:
$103,092
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$500
included in asking price

FF&E:
$20,000
included in asking price

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Business Description

Easy to run Restaurant located in heart of business district. Great website, online ordering and in operation for 15 years. Offering pizza and other delicious items for lunch and dinner. Reasonable gross lease in place. Dine in and delivery. Family friendly hours as business is closed on weekends. Seller to hold partial note for qualified buyer. Buyer could increase sales by adding beer and wine and opening on weekends for special events. Great opportunity for a savvy buyer.

About the Business

Year Established:
2003
Number of Employees:
10
Real Estate:
Leased
Building Sq. Ft.:
4,500
Lease Amount/Mo.:
$8.00
Lease Expiration:
9/1/2020
Facilities:
4500 square foot of space. Includes walk in freezer and cooler. Outside seating for customers.
Market Outlook/
Competition:
Increasing number of residents moving to the area means there is plenty of business to go around.
Growth & Expansion:
Buyer could add beer and wine and open on weekends to increase already thriving business.
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About the Sale

Reason For Selling:
Discuss with Seller
Training/Support:
2 weeks at no cost
Seller Financing:
30,000 for 24 months @ 6%

Listing Info

ID:
1577478
Ad Detail Views:
0

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Business Listed by

Anthony Rigney

Quorum Business Advisors, LLC
License# BK3165430

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