Restaurant Diner

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Owner Retiring
Asking Price:
$2,400,000

Gross Revenue:
$3,750,000
Cash Flow:
$650,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$40,000
included in asking price

FF&E:
$300,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Extremely successful Restaurant serving loyal patrons for over 50 years. This is a rare find, owner retiring, ideal location on main road accessible by all major highways. Seats 150 people with 50 parking spaces. They use valet parking due to packed crowd, fast and professional service turns over tables quickly. Buyer could easily scale business by extending hours of operation. State of the art kitchen facilities and equipment, was updated recently including new air conditioning units. Very little competition around serving huge menu selections at very affordable prices with consistent clientele. This gem is a Turn key operation for buyer looking for steady business and room to grow.

About the Business

Year Established:
1970
Number of Employees:
47
Facilities:
Days & Hours of Operation: 7 days 7AM-12AM
Managers: 3
Absentee Owner: Yes
Has a full liquor license.
Non Owner Payroll: $19,000 per week
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About the Sale

Reason For Selling:
retirement

Listing Info

ID:
1275634
Ad Detail Views:
1138

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Business Listed by

Jay M. Inbar,Certified Mergers &Acquisition Pro

Inbar Group Inc - Business Brokers

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