Great Location, Long Running Food Business

Asking Price$240,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

Inventory$25,000
Included in asking price
FF&E$280,000
Included in asking price
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Great Location, Long Running Food Business


Asking Price$240,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

Inventory$25,000
Included in asking price
FF&E$280,000
Included in asking price

Seller Financing Available
Business Description
For the first time in more than 40 years this great corner location is being offered for sale. It has been successfully operated as an upscale restaurant for more than 20 years. That use could be continued or another retail concept could prosper in this prime location. There is 2500 square feet inside, a patio upfront that will accommodate another 25 seats and parking for guests. Please contact me if there is interest and I will be happy to provide additional details and discuss options.
About the Business
Years in Operation
27
Employees
13 (5 Full-time, 8 Part-time)
Facilities & Assets
Currently operated as an upscale restaurant with all the equipment, small wares , furniture and table settings for such a business. All is owned. None leased. This is all included in the sale.
Market Outlook / Competition
There are other food businesses in the neighborhood but none are comparable. The business is well supported by the local community but also draws guests from throughout the metropolitan area.
Opportunities for Growth
There is plenty of opportunity to grow the business. Being open for more hours and creating a bar business are possibilities. Doing marketing and creating a presence on social media would draw in more customers.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,500
Rent
$7,100.00 per month
Lease Expiration
12/31/2043
About the Sale
Seller Motivation
Retiring.
Transition Support
Support and training after sale can be negotiated.
Financing Options
Seller financing, to be negotiated
Listing Info
ID
2479516
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Business Listed by: Philip Mihalski

Listing ID: 2479516 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.