Business Summary:
FULLY EQUIPPED FULL SERVICE RESTAURANT SERVING BREAKFAST, LUNCH AND DINNER. HOURS ARE 6AM-9PM SEVEN DAYS A WEEK. IT HAS A #12 LIQUOR LICENSE WHICH ALLOWS FOR SERVING OF BEER, WINE AND LIQUOR. THERE ARE TWO LARGE DINING ROOMS AND A SEPARATE COCKTAIL LOUNGE.
SELLER IS ASKING $300,000 AS A PURCHASE PRICE WITH $150,000 AS A DOWN PAYMENT. SELLER WILL CARRY THE BALANCE OF $150,000 AT $2899.94 OR MORE PER MONTH AMORTIZED OVER 5 YEARS INCLUDING 6% INTEREST. SELLER WILL DISCOUNT PURCHASE PRICE TO $250,000 FOR CASH-OUT.
THE SELLER OWNS APPROXIMATELY 50% OF THE EQUIPMENT VALUED AT $50,000. LANDLORD OWNS THE OTHER 50% OF EQUIPMENT AND IN THE LEASE ALLOWS THE USE OF IT BY THE RESTAURANT OWNER. THE GROSS SALES AND CASH FLOW ARE ANNUALIZED BASED ON SEPTEMBER 3, 2011 THRU FEBRUARY 3, 2012. FINANCIAL INFORMATION WAS PROVIDED BY THE SELLER AND NOT VERIFIED BY THE BROKER.
MOTEL, BUSINESSES, AND RESIDENTIAL ARE NEARBY THE RESTAURANT. GOOD LOCATION. CALL FOR MORE DETAILS.
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