Historic American Restaurant W/ Real Estate

Asking Price$799,900

Cash Flow

EBITDANot Disclosed

Gross Revenue$825,000

InventoryNot Disclosed

FF&E$195,000
Included in asking price
Real Estate$700,000
Not included in asking price
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Historic American Restaurant W/ Real Estate


Asking Price$799,900

Cash Flow

EBITDANot Disclosed

Gross Revenue$825,000

InventoryNot Disclosed

FF&E$195,000
Included in asking price
Real Estate$700,000
Not included in asking price

Seller Financing Available
Business Description
Great opportunity for Chef or family to bring their own concept or expand on existing concept in this cozy, rustic atmosphere with features like gas and dark wood fireplaces in their dining room and charming barroom.

It occupies a building with a long history as a stagecoach stop and offers a menu with popular generous Italian and American dishes and a bar menu with a selection of beers, wines and cocktails.

Along with the rustic bar and dining room a seasonal patio is popular attraction.. Besides the spacious kitchen and functional basement there is an upstairs room with an office and space that once housed an apartment.

The asking price of $799,900 has an appraised value of $700,000 for the real estate so this is basically an asset sale. The restaurant is only open 5 hours a night 5 days a week and closes in January and July so there is a tremendous upside to increase sales. This restaurant was completely renovated from top to bottom 10 years ago and nothing has to be done to it.

For more info please fill out an NDA on line by going to abc4restaurants.com
About the Business
Years in Operation
10
Opportunities for Growth
Expand hours from 5 nights to 6 OR 7, open for lunch and brunch. Social media marketing. Delivery with 3rd parties. Catering. THERE IS PRACTICALLY NO ADVERTISING BEING PRESENTLY DONE.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
5,300
About the Sale
Seller Motivation
Retirement
Transition Support
owners will stay on for transition period
Financing Options
SELLERWILL FINANCE TO QUALIFIED BUYER WITH $250,000 DOWN. SBA FINANCING W/ 10% DOWN
Listing Info
ID
2506451
Listing Views

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Business Listed by: Joe Granato ABC4Restaurants /ABC4Commercial (Investment Properties)

Listing ID: 2506451 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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