Top Breakfast Lunch Destination In Area

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Business Description

This restaurant is located on number one north south artery and very close to interstate.It has been operating for 50 years and this is only 3rd owner.The dining room seats 90 inside and out side seating for 20.Their is a 12 year lease in place with the right of first refusal The Rent is currently $6000 all with 3% increases.The gross revenue is $1300000.00+ with net of $275000+ all figures can be substantiated.Hours of operation 5:30am-3pm seven days.Minimum down payment $275000.00 plus inventory.

About the Business

Year Established:
1968
Number of Employees:
18
Real Estate:
Leased
Building Sq. Ft.:
3,000
Lease Amount/Mo.:
$6,000.00
Facilities:
Kitchen has been completely revamped along with dining room
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About the Sale

Reason For Selling:
Going in different business
Training/Support:
will stay one mth

Listing Info

ID:
1492458
Ad Detail Views:
478
Asking Price:
$595,000

Gross Revenue:
$1,300,000
Cash Flow:
$395,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$25,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Listed by

Edward Arnold

Arnold & Arnold
License# bk3260069

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