Business Summary:
N. KY Restaurant with Sports Bar F-2114 This is a well-established, profitable restaurant in Northern Kentucky that offers a standard casual American menu with chicken wings as their specialty. It has a small sports bar section which could be expanded with construction and also a party room with seating for 35. There is a patio area with seating for 40 on a seasonal basis. They offer occasional entertainment. This is a well-run business with the owner spending no more than 40 hours a week at the restaurant. INVESTMENT HIGHLIGHTS: *Standalone building in a high traffic area with a major anchor tenant in the shopping center *Consistent sales and profitability *Experienced long-term staff *Full Liquor Licenses with Sunday sales *Seating capacity: 165 inside / 40 outside on the patio *Three year average adjusted cash flow of $190,000 *2010 on track to exceed $210,000 in adjusted cash flow *Nine years remaining on the current lease; rent decreases by over $20,000/yr starting in 2015 PURCHASE PRICE: The business is being offered as an asset sale, free and clear of all debt and liabilities for $455,000. Included in the sale are furniture, fixtures and equipment, liquor license, all food and beverage inventory, website, and other intangible assets. 2010: Sales $1,109,000 Adjusted Cash Flow $225,700; 2009: Sales $1,203,315 Adjusted Cash Flow $170,619; 2008: Sales $1,403,623 Adjusted Cash Flow $175,434 Adj. Cash Flow: Net profit before expenses of owner comp, interest, depreciation.
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