Acquire a freestanding downtown restaurant with private parking for ten vehicles and 48 seats across two dining rooms. Its compact kitchen and limited trading schedule offer a manageable existing format for an incoming operator.
The asking price is $299,000, with reported annual revenue of $250,000 and seller’s discretionary earnings of $65,000. Current operation totals 24 hours per week.
Enquire to view the premises, review performance and explore the potential to extend opening hours.
- Asking Price:
- $299,000
- Sales Revenue:
- $250,000
- Cash Flow:
- Undisclosed
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Monthly premises rent is $3,800. The dishwasher lease is $105 per month.
- Leasehold Rent:
-
$45,600 per annum
- Location:
-
Downtown Greenville, within the city’s residential and dining market.
- Premises Details:
-
Freestanding restaurant with two dining rooms, 48 seats, ten private parking spaces and an equipped kitchen. The dishwasher is leased separately.
Business Operation
- Expansion Potential:
-
Extend the current opening schedule to reach additional customers.
- Reasons for selling:
-
Retirement
- Trading hours:
-
24 operating hours per week.
- Employees:
- 3 full-time employees.
- Years established:
- Established in 2017.
Other Information
- Support & training:
-
Two weeks of training and support.
