Successful High Volume LANDMARK Restaurant in High Traffic Location

Asking Price$1,995,000

Cash Flow
$686,573
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$3,428,166

InventoryNot Disclosed

FF&E$400,000
Included in asking price
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Successful High Volume LANDMARK Restaurant in High Traffic Location


Asking Price$1,995,000

Cash Flow
$686,573
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$3,428,166

InventoryNot Disclosed

FF&E$400,000
Included in asking price

Seller Financing Available
Business Description
***SBA LENDER PRE-QUALIFIED WITH A MINIMUM OF 10% DOWN***
This is the OPPORTUNITY you’ve been waiting for! After more than 30 years of success, this ICONIC Restaurant is now available for purchase. A true GOLDMINE, this landmark is famous for its delicious home-style cooking and is strategically located at a high-traffic intersection in a booming area. With seating for approximately 200 guests, plenty of parking, and a warm community reputation, this restaurant has been a STAPLE for generations.

Serving breakfast, lunch, dinner, and beer/wine, this restaurant has a LOYAL CUSTOMER BASE, a proven business model, and an EXCEPTIONAL REPUTATION for quality and consistency. The owners oversee operations with the support of a dedicated management team—multiple managers in place earning approx. $60,000 each (to which can be added back should you take on a manger role)—along with a well-trained staff, ensuring a seamless transition for a new owner.

This business includes a 4,500 sq. ft +/- beautiful restaurant with a fully equipped kitchen, a long-term lease at $14,000 per month plus NNN, and the kind of location with visibility and growth. With strong Seller Discretionary Earnings (Owner Benefits) and a fast return on investment, this is a rare, ONCE-IN-A-LIFETIME opportunity to acquire a very profitable and established restaurant.

Don’t miss your chance to carry on the tradition of this community favorite while reaping the rewards of over three decades of proven success.

*** INTERESTED PARTIES PLEASE SUBMIT YOUR INFORMATION THRU THE CONTACT FORM SECTION TO THE RIGHT TO RECEIVE THE NON-DISCLOSURE***. MUST SHOW PROOF OF FUNDS PRIOR TO RELEASING INFO

IMPORTANT NOTICE: This is an operating business being offered for sale "CONFIDENTIALLY". We will not release any information unless there is a non-disclosure signed and proof of funds.

Information contained herein has been obtained from the Owner of the Property or from sources deemed reliable. We have no reason to doubt its accuracy but make no warranty or representation. All information is submitted subject to errors, omissions, changes, withdrawal without notice and any special listing conditions of the Owner.
About the Business
Years in Operation
30
Facilities & Assets
Fully equipped, beautifully maintained, chefs kitchen
Market Outlook / Competition
been around for over 30 years
Opportunities for Growth
Open longer hours or even consider 24 hour diner
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
4,500
Rent
$14,000.00 per month
Lease Expiration
1/1/2036
About the Sale
Seller Motivation
slowing down and other businesses
Transition Support
2 weeks at no cost to buyer
Financing Options
No seller financing. This is only SBA lender pre-approved with a minimum of 10% down
Listing Info
ID
2418428
Listing Views
33

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Business Listed by: George Antonaklas Realtec Business Brokers

Listing ID: 2418428 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.