Restaurant Business - Price is only: Bldg. value + 50% of equip. cost!

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Asking Price:
$250,000

Gross Revenue:
$312,000
Cash Flow:
 Not Disclosed
EBITDA:
$60,000
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$178,000
included in asking price

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Business Description

This established and highly profitable restaurant and catering business in charming historic Shelbyville downtown district is for sale for only the value of the building plus 50% of the equipment cost. This 21 year old business enjoys an excellent reputation in the community and with its loyal customer base as evidenced by customer ratings: Facebook rating 4.9 Stars; Trip Advisor 4.5 Stars; Yelp 5 Stars; All Menus 5 Stars; plus numerous awards from Shelby County media. Delicious sandwiches, soups, salads, breads and desserts are served in the restaurant from mid-morning to mid-afternoon Monday through Saturday. The restaurant is closed on Sundays. There is also a catering component to this business, which presents a growth opportunity in addition to the potential to extend business hours during tourist season. The reason for the sale is that the owners are retiring. Please read the rest of this listing for detailed information about this sale including real estate, operations, equipment and financial information. Please call Grayhill Business Brokers for additional details. Please refer to listing JH-104.

About the Business

Year Established:
1995
Number of Employees:
1 FT; 5 PT
Real Estate:
Owned
Facilities:
Building and all equipment/fixtures are all owned free and clear with no debt. Building is 1,480 sf plus ¾ basement. Commercial real estate broker valued the real property at $178,000 two years ago. All equipment included in purchase price. Equipment replacement cost is ~$135,000.

In summary: Building Sale Price: $140,000 (Commercial real estate broker valued @$178,000 two years ago)
Operations Sale Price: $110,000 (Includes equipment with replacement cost @$135,000)
Total Sale Price: $250,000
This established and highly profitable restaurant and catering business in charming historic Shelbyville downtown district is for sale for only the value of the building plus 50% of the equipment cost.
Market Outlook/
Competition:
The business enjoys an excellent reputation in the community and with its loyal customer base: Facebook rating 4.9 Stars; Trip Advisor 4.5 Stars; Yelp 5 Stars; All Menus 5 Stars; Zomato 4.1 Stars; numerous awards from Shelby County media.
Growth & Expansion:
Growth opportunities: Breakfast/espresso, catering, coffee/desserts extended hours during tourist season.
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About the Sale

Reason For Selling:
Owners are retiring

Listing Info

ID:
1327141
Ad Detail Views:
52

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Business Listed by

Joseph Hill

Grayhill Business Brokers, LLC

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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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