REDUCED To Sell Well Established Profitable American Grill
Business Description
For over 10 years, this restaurant has been a favorite in this Harbor Town. This free-standing restaurant is located on the best and busiest road in town. Sprawling over 5,400 sq ft., with 225 seats, 60 parking spaces, and a rent of ONLY $5,750, the sky is the limit!! They are open from 10:30 am until 8 pm daily. The kitchen and dining are fully equipped, as well as an updated sprinkler, ansul, and security system. Sales are currently over 800k, operating lunch and dinner only with NO liquor. The restaurant has a casual, family-friendly menu with burgers, fish, steaks, and more. A new owner could add breakfast (open market) or add liquor to the lunch and dinner menu to increase revenue substantially. The restaurant has a great customer base with lots of potential to grow this restaurant to 1.2-1.5M a year. The inventory, assets, and cash flow are more than the sell price. Great, knowledgeable, and hardworking staff of 20 already in place. We close two to three weeks a year for the staff and us to take vacation time. Priced for quick sale due to seller’s family needs. The seller is retiring after 30 years in the restaurant business. Great opportunity for a restaurateur who wants to make money from day 1 and grow it into something special in this prime location! Some seller financing may be available, but only a small portion, and at the seller's discretion. If you put in a LOI (letter of intent), a required 10% deposit is mandatory if the seller accepts the offer, and proof of funds must be supplied before submitting an LOI. Inventory is not included in the asking price and will be taken the day before the close and added back to the purchase price.
About the Business
- Years in Operation
- 12
- Number of Employees
- 20
- Franchise
- This business is an established franchise
- Opportunities for Growth
- You could add alcoholic beverages or open it for breakfast
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 5,400
- Rent
- $5,750.00 per month
- Lease Expiration
- 1/1/2026
About the Sale
- Seller Motivation
- Family
- Transition Support
- 2 weeks
Listing Info
- ID
- 2190875
- Listing Views
- 1181
Listing ID: 2190875 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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