Popular Restaurant w/3 Streams of Income #0149

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Business Description

This is a historical restaurant and pub with an admirable history, presenting an "English Pub" style atmosphere that still features the original 1903 carved wooden bar and mirrors. The present owners purchased this historical 6,500+ sq. ft. building to restore it and preserve its history as one of the great food pubs in the area. Servicing a varied fare of delicious, made-to-order entrees, lite fare, soups, desserts, and an array of creative drinks. The business generates three income streams, first the restaurant that seats approximately 130 people, serving only the best high quality foods. Second income stream is the banquet room, that can hold up to 50 people and is used regularly to do group buffets for wedding rehearsals, business meetings, holiday parties, company events, and more. The third source of income is the bed and breakfast that accommodates 11 guest rooms that have been completely restored to pure excellence, presenting diverse details with high ceilings, exposed brick walls, hammered tin ceilings, and a wealth of architectural molding. The business is well-known and prominent within the area as the place to go and have great food and a wide variety of drinks to choose from. Inquire to learn more about this promising opportunity that is priced under its appraisal value, located in Pennsylvania. Assets are to include $10,000 in average inventory and $95,000 in equipment, fixtures and furnishings. The building and property is included and valued at $618,000. Ask for portfolio #0149.

About the Business

Location:
Pennsylvania

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Listing Info

ID:
1400655
Ad Detail Views:
2015
Asking Price:
$1,500,000

Gross Revenue:
$573,964
Cash Flow:
$135,112
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
not included in asking price

FF&E:
$95,000
included in asking price

Real Estate:
$618,000
not included in asking price

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Business Listed by

Harold Anderson

Affiliated Business Consultants, Inc.

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