Business Summary:
Turnkey Opportunity! Seller willing to finance up to 50% of purchase price. This well-established and successful deli and restaurant in Milwaukee County is available for first time in 20+ years. Owners have a loyal customer base and have developed a reputation for fresh food and friendly service in a family atmosphere. Restaurant serves an average of 300-400 people per day plus approximately 5-6 deliveries. The list price includes the business, building, furniture, fixtures, equipment, and real estate. Restaurant can seat up to 77 inside with an additional 16 on the outside patio. There is parking for 30+ cars. Building has a 2nd floor apartment which is currently renting at $700 per month. The current owners only serve the lunch crowd and are not opened in the evenings or on Sundays. There is great potential to expand sales by extending operating hours and offering more deliveries. Owners do no advertising and rely only on word-of-mouth and repeat customers. This is a turnkey operation and an incredible opportunity for a new owner to step into a successful business.
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| Year
Business was Established: 1971 |
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| Number of Employees:
2FT/5PT |
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| Facilities / Terms of Lease:
3000 sq ft building. Restaurant on 1st floor and 2BR apt on 2nd floor. Restaurant is located in an attractive area nearby many large Milwaukee-area employers. The restaurant equipment is in very good condition. Large Deli case - 2 years old. Flooring behind deli case - 1.5 years old. Floor in kitchen - 1 year old. Stove - 1 year old. Flooring in kitchen - 1 year old. Roof on building - 4 years old. |
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| Potential
Growth/Expansion:
Owners presently do no not advertise the restaurant. All new business is from word-of-mouth. Sales could drastically increase by marketing this great restaurant to the surrounding areas. Focusing on more deliveries and catering would also be a way to increase sales. |
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| Competition:
Very little competition in immediate area that serves strictly to lunch crowd. |
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| Owner
willing to finance:
Up to 50% seller financing |
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| Owner
willing to train:
Seller agrees to provide Purchaser with 3 weeks of training immediately following closing. The training will be for 4 days per week, with a maximum of 4 hours per day, at no charge to Purchaser. |
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| Reason for selling:
After 20 years in restaurant business, Seller is pursuing other interests. |
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Seller Reference Number: 4181-270
BusinessMart.com Listing Number: 53141 |
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