Established 10 year restaurant with bar and patio seeks new ownership

Asking Price$239,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$50,000
Not included in asking price
FF&E$300,000
Included in asking price
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Established 10 year restaurant with bar and patio seeks new ownership


Asking Price$239,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$50,000
Not included in asking price
FF&E$300,000
Included in asking price
Business Description
Looking for fresh energy and ideas to grow this 10 year successful restaurant tp the next level. Large indoor, outdoor and back of house areas ensure you can handle large crowds. Located in booming area of town this could be your ticket to make your dreams come true. Price is below what it would cost to buy the equipment alone, not only are you securing a great location at a low lease rate. NDA is required to discuss future details. Our concept as received local, national and even international attention but at this price you can start your own concept from the ground and still come out ahead. Full liquor license is included.
About the Business
Years in Operation
10
Employees
14 (2 Full-time, 12 Part-time)
Facilities & Assets
Full service restaurant with dedicated large bar area that is currently in operation. Plenty of booths and large top tables in the dining room to support large groups. Outdoor patio with covered seating and stage for bands and entertainment. Full cookline with ovens, fryers, flat tops etc as well as multiple walk ins, reach ins and other refrigeration.
Market Outlook / Competition
The market around us is booming with new restaurants and stores and city improvements. Amazing time to jump and take this to new heights.
Opportunities for Growth
We have done almost no advertising as we have relied on word of mouth over our 10 years in business. Basic advertising and local outreach and community involvement would do amazing to supercharge this business. The lease is VERY low given we signed our lease and made inprovements prior to all the growth in the area. NDA is required.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
4,500
About the Sale
Seller Motivation
After 10 years our kids are getting older and we want to spend more time with th
Transition Support
Current full time employees (managers) can support transition and current ownership can dedicate 2 weeks consulting.
Financing Options
none
Listing Info
ID
2441967
Listing Views
44

Contact Seller

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Business Listed by: paul

Listing ID: 2441967 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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