This decades old restaurant is an icon for the community it resides in. Outstanding customer loyalty that spans generations it is a community icon and destination for families returning to town. The choice for home cooking and comfort food it has an outstanding location, plenty of parking and seating of almost 100. Highly confidential, super clean books, Ownership works in management only limited hours it is a great investment opportunity or active ownership play for the experienced culinary pro. Highly Confidential. Brokers should instruct prospects as to importance of confidentiality.
- Asking Price:
- $1,300,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,530,464
- Cash Flow:
- $410,370
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Type of Location Restaurant
Facilities well maintained free standing restaurant with ample parking and high main road visability
Monthly Rent $7,000.00
Square Units (Foot, Meter) 3,571
Lease Expiration Date January 31, 2029, 12:00:00 AM
Terms Options negotiable
- Location:
-
Type of Location Restaurant
Facilities well maintained free standing restaurant with ample parking and high main road visability
Monthly Rent $7,000.00
Square Units (Foot, Meter) 3,571
Lease Expiration Date January 31, 2029, 12:00:00 AM
Terms Options negotiable
- Size in square feet:
- 3,571
Business Operation
- Reasons for selling:
-
Retire
- Trading hours:
-
Mon to Sat 730 to 8
- Employees:
- 24
- Years established:
- 22
Other Information
- Support & training:
-
Seller will train for 2 weeks at no cost
- Financing available:
-
Other Financing Amount $1,040,000.00
Other Financing Interest 9%
Other Financing Term Months 120
- Furniture / Fixtures value:
- $100,000 - included in the asking price
- Inventory / Stock value:
- $5,000 - included in the asking price
