Established Profitable Restaurant and Banquet Facility

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Business Description

Retiring Owner is offering a very well equipped ( 2 Kitchens) Restaurant and Banquet facility for less than the Asset Value Price of $145,000. This is a perfect situation for a current Restaurant owner to expand their concept into another very prime location. The present Owner is doing over 1 million sales and the location warrants sales of at least 1.5m to 2 million. 3acres of land and 2 buildings are presently available via an option. Long term Lease is Available.

About the Business

Year Established:
1980
Number of Employees:
35
Real Estate:
Owned
Building Sq. Ft.:
8,478
Facilities:
8478 sq ft restaurant and Banquet Facility with a 5000 sq ft basement and a 724 sq ft additional leased out building located on 3.0 acres of land. 350 Seats + 32 patio seats. Seperate Banquet rooms for 50 to 200 people.
Market Outlook/
Competition:
This is the only 8000 sq ft Restaurant and Banquet facility in the area. Land is in a prime busy road in the affluent Farmington Valley.
Growth & Expansion:
This is a $2 million + situation for a new experienced owner with increased use of social media and other advertising.
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About the Sale

Reason For Selling:
Seller retiring after 30 successful years.
Training/Support:
Seller will provide Training and consulting for 30 days. !5 days on premises and 15 days by cell phone, all at Sellers expense.if required
Seller Financing:
Some Possible

Listing Info

ID:
1303336
Ad Detail Views:
801
Asking Price:
$145,000

Gross Revenue:
$1,256,603
Cash Flow:
$110,717
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$12,000
not included in asking price

FF&E:
$250,000
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

John A. Russo Jr.

Just Restaurants

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