Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$800,000	Inventory	$15,000*
Gross Income	$1,000,000	Real Estate	$550,000*
Cash Flow	$300,000	Year Established	2001
FF&E	$325,000*	Employees	35

* included in the asking price

** not included in the asking price

Our client is the owner of a restaurant and building (opened in 2001), which offers fine food specializing in authentic southern barbeque cooking fare and live music. The building was completely renovated (including all the plumbing, electric and utilities) to house the restaurant and music performance stage. Since it opened, the owners are constantly improving the space to keep the restaurant fresh and appealing to its customers and to be the favorite place to enjoy great food and quality live music. To this end, the owners recently added an outdoor two-level deck for its patrons for outdoor dining as well.

Facilities: The restaurant is housed in approximately 9,000 square feet of completely renovated space, at in Western New York State. The present legal occupancy for the restaurant is 190 persons. The outdoor, two-level deck has a capacity of approximately 75 persons.

Competition: The owners have a marketing budget consisting of weekly radio and print ads, and also participate in region food competitions, for which they have won several awards. The ideal location of the business in the center of the city helps to market the restaurant as well. The restaurant, with its retro handsome neon signage, overlooks the city center which offers prime viewing for annual celebrations and parades.

Growth/Expansion: A new owner of this business can expect increased sales due the approaching summer months. A new owner of this business should see a healthy increase in sales within the near term as the restaurant continues to grow in popularity. With several cuisine awards under its belt, this restaurant will remain a favorite dining spot among Western New Yorkers for many years to come.

Financing: Up to $600,000 for a qualified buyer.