Business Summary:
$100k Price Drop! Only $195k Down - Owner will finance the rest! Owner will listen to all offers! That is less than one year's cash flow! This is what you've been looking for. A well established restaurant with bar that does big business and throws off a substantial amount of cash. On top of that it has a great lease and a very reasonable asking price. Everything about this opportunity says it will not last long. Expand on the current concept or bring your own. At this price (less than 1.5X cash flow) the opportunities are limitless!
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| Year
Business was Established: 2004 |
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| Number of Employees:
6 FT, 3PT |
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| Facilities / Terms of Lease:
Excellent location with direct visibility to main road and from busy highway. 60 seats in dining room and 20 at the bar. Creative upscale / casual decore. 2,800 sq. ft plus outdoor space. Lease: Great lease - $4,700 per month - includes everything. That's less than 6% of gross sales. 11 years remaining. Also, new lease is available if desired. |
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| Potential
Growth/Expansion:
Several very good avenues for growth. Catering, theme nights, open 7 days a week, expansion into outdoor area. |
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| Competition:
This is "the big fish in the small pond". Very few direct competition establishment in the area. At least not on the same level as this place. |
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| Owner
willing to finance:
Owner will provide $100k of financing to well qualified purchaser. Only $195 down - that is less than one years cash flow! |
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| Owner
willing to train:
Owner willing to provide hands on training for two weeks followed by 30 days of phone support. |
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| Reason for selling:
The owners have worked very hard over the past few years building this place up to be the money maker it is. Now they are looking towards other opportunities. |
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Seller Reference Number: 1070429
BusinessMart.com Listing Number: 60270 |
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