Asking Price:

$425,000

Gross Income:

$1,000,000

Cash Flow:

$200,000

FF&E:

N/A

Inventory:

N/A

Real Estate:

N/A

Year Established:

2008

Employees:

N/A

Business Types:

Restaurants
Bars/Taverns

Business Description

This extremely customer appealing restaurant and bar is in a superb location. Doing over one million gross and very profitable- a hands on owner can bring much more to the table than the present absentee ownership. Addison is a great destination area for both restaurant and bar patrons and this has the premium location everyone would like to have. The fully equipped bar is very inviting and customers feel very welcome. The restaurant has good food and friendly staff. Netting over 200K profit..this business has much to gain from a good working owner than the present absentee ownership. Both gross sales and net can be substantially raised by an owner identifying with the customer base and with more attention to consistency of product and line items. This solid business will make you proud to own it....

Detailed Information

Facilities:

Incredible Addison location with high visibility..strongest demographics..plenty of parking..approximately 3400 sq.ft...fully equipped kitchen..full bar..all equipment in good condition..atmosphere very customer inviting..

Competition:

Addison is a high destination restaurant and bar area...however this beautiful restaurant and bar is in a premium A-1 location...atmosphere is extremely cozy and comfortable..good food and great bar area..business is intense in area and competition is why customers come to this area. This location and business will always be strong..

Growth/Expansion:

Presently run absentee..this location should do well in the 1.5 mil range...Though very profitable now..present ownership is lacking in being absentee and not in touch with the customer base and consistency of product as would be preferred..A good working owner can substantially affect gross sales , net profit, line item expenses and marketing to maximize the real potential in this restaurant and bar.

Support/Training:

As buyer normally requires

Reason Selling:

unrelated interests