Turnkey Restaurant with Asset-Backed Real Estate Portfolio
Business Description
This asset-backed acquisition delivers a generationally recognized restaurant, a high-volume take-out business, and a valuable liquor license at zero additional cost. Positioned on a high-visibility, 10.5-acre corner parcel commanding 12,000 Vehicles Per Day, the 16,608-square-foot portfolio spans four buildings divided into five commercial footprints (including a catering hall and retail) and nine residential apartments.
The restaurant began its legacy in 1971 with a small roadside market. The operations expanded to incorporate an on-site butcher shop and smokehouse to provide fresh and smoked meats and bakery. In 1981, the company accelerated its scale by acquiring a family restaurant and an existing Kentucky Fried Chicken franchise on the adjoining lot. They terminated the franchise and opted to serve their family fried chicken recipe to their patrons for 40+ years. Its retail operations were consolidated into the main restaurant building in 2025 due to the pandemic and management constraints.
Financially, the business generates a steady $1.5M in gross revenue and offers a buyer three flexible paths to profit. A hands-on owner-operator can run the restaurant and collect existing rental income for a total first-year inflow of $156,087. A more passive real estate investor can hire a general manager to handle daily operations and still pocket $86,087 in year one. Alternatively, a buyer can execute a pure landlord strategy by winding down the restaurant and leasing all commercial spaces to third parties. This pivots the property into a strictly passive asset pool, generating $193,200 in commercial rent alone and netting a clean profit of $110,634 in Year 1 (after 7% financing) which scales to nearly $140,000 by Year 5.
The restaurant began its legacy in 1971 with a small roadside market. The operations expanded to incorporate an on-site butcher shop and smokehouse to provide fresh and smoked meats and bakery. In 1981, the company accelerated its scale by acquiring a family restaurant and an existing Kentucky Fried Chicken franchise on the adjoining lot. They terminated the franchise and opted to serve their family fried chicken recipe to their patrons for 40+ years. Its retail operations were consolidated into the main restaurant building in 2025 due to the pandemic and management constraints.
Financially, the business generates a steady $1.5M in gross revenue and offers a buyer three flexible paths to profit. A hands-on owner-operator can run the restaurant and collect existing rental income for a total first-year inflow of $156,087. A more passive real estate investor can hire a general manager to handle daily operations and still pocket $86,087 in year one. Alternatively, a buyer can execute a pure landlord strategy by winding down the restaurant and leasing all commercial spaces to third parties. This pivots the property into a strictly passive asset pool, generating $193,200 in commercial rent alone and netting a clean profit of $110,634 in Year 1 (after 7% financing) which scales to nearly $140,000 by Year 5.
About the Business
- Years in Operation
- 55
- Employees
- 30 (12 Full-time, 18 Part-time)
- Facilities & Assets
- Main Restaurant with Retail: Built 1945; 11,372 SF; One-story masonry/block/frame; table service setup with upper-level apartments; seats ~245. Catering Hall: Built late 1950’s; 4,760 SF; One-story concrete block/steel-reinforced over full unfinished basement; seats ~300. Fried Chicken Building; Built 1947; 2,886 SF; Two-story frame over full finished basement; 1st-floor restaurant; 2nd-floor has 4 rental rooms. Post Office Building; Built 1965; 2088 SF; One-story concrete block/steel-reinforced commercial footprint over unfinished basement.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 16,608
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Today, after more than four decades of dedicated stewardship, the seller who is s lifelong entrepreneur and restaurateur is preparing for retirement. This offering presents an incoming operator a turnkey business backed by 45 years of deep goodwill. NDA Required.
- Financing Options
- Seller may consider some portion of seller financing
Listing Info
- ID
- 2527863
- Listing Views
- 7
Attached DocumentsAttachment Disclaimer
Turnkey Restaurant with Asset-Backed Real Estate Portfolio.pdf
Listing ID: 2527863 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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