These well established business do not come around often.... They have been located in the same location for over 30 years, in very central area that is a destination for dining as well as shopping. The location has been well-maintained and renovations consistently made over the years. There is managers in place and so the Seller is part-time but oversees the business, payroll and some marketing functions. There are also still ways to grow the business while still profiting from the large customers base.
- Asking Price:
- $635,875 Furniture / Fixtures included
- Sales Revenue:
- $903,474
- Cash Flow:
- $231,227
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Options available
- Leasehold Rent:
-
$88,056 per annum
- Location:
-
Destination location for shopping, dining as well as office parks nearby.
- Premises Details:
-
Location has been continually updated with new bar and furniture most recently.
Business Operation
- Expansion Potential:
-
Bring back catering again as well as do some advertising.
- Competition / Market:
-
This bar and restaurant has a good niched known for good entertainment, food and service.
- Reasons for selling:
-
Retirement
- Trading hours:
-
11am - 130am
- Employees:
- 20
- Years established:
- 1987
Other Information
- Support & training:
-
2 weeks
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
TBD
- Furniture / Fixtures value:
- $50,000 - included in the asking price
- Inventory / Stock value:
- $2,000
