Restaurant Near College

Asking Price$119,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$350,000

InventoryNot Disclosed

FF&E$75,000
Included in asking price
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Restaurant Near College


Asking Price$119,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$350,000

InventoryNot Disclosed

FF&E$75,000
Included in asking price
Business Description
No Menu Restrictions -- Low Lease $2,000 per month (1,000 base and 1,000 nnn current fees) -- Street parking (owner and staff gets 3 spots) , SIX (6ft) HOOD, Dishwasher, Sinks, Steam Table, Small bar with ice machine and 2 door glass beer cooler, seats 55 inside and 20 seats on the raised patio --
There are a few choices: Operate Absentee making $30,000 minimum per year or Change the concept to burgers, wine bar, tapas, american, any ethnicity, catering, coffee/bakery shop, Advantages are LOW LEASE - 1100 sf, low personal property taxes, 10 year lease -- easy parking -- Close to Hotel -- Busy restaurants/bars/ and shopping -- WALKABLE Main Street .

IF you operate ABSENTEE, you will make $30,000 -- If you operate as ethnic menu, you will make minimum $50,000, If you change the concept/menu, sales of nearby businesses exceed 1million sales -- TAPAS/ and WINE BAR -- Strongly Recommended, Can be Pizza if you add a pizza oven... under the 6 ft hood -- sell pizza - salad - beer - wine -- and selected cocktails for higher sales.
About the Business
Years in Operation
7
Employees
3 (2 Full-time, 1 Part-time)
Facilities & Assets
6 ft hood -- compliant sinks
furniture seats 55 and 20
grease trap -- and dishwasher - steam table - chest freezer
Market Outlook / Competition
Vibrant Main Street offers diversity in menu and concepts -- which attracts customers
Opportunities for Growth
plenty -- add delivery -- to the Close college
change menu -- add specials --
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,100
Rent
$1,000 per month
About the Sale
Seller Motivation
Relocating to other country
Transition Support
Develop your own concept -- or purchase and operate ABSENTEE

Financing Options
partial if full price is offered --
Listing Info
ID
2549183
Listing Views

Listing ID: 2549183 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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