Established Cash Restaurant in High Traffic Area - Good Price

Ronks, PA (Lancaster County)

Established Cash Restaurant in High Traffic Area - Good Price

Asking Price:$295,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:N/A

Established Cash Restaurant in High Traffic Area - Good Price

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Business Description

THE OPPORTUNITY TO SIGNIFICANTLY GROW SALES

In addition to capitalizing on the existing excellent diner eating experience, we believe that there are several opportunities to grow sales. Some of these
opportunities are highlighted below:

Advertise—greater involvement in the thriving tourist market through
advertising in local hotels and publications.

Expand the hours of operation—this could be a 24/7 operation with evening
emphasis on the truckers.

Expand diner size. Could add 60+ seats and this would allow larger parties
to sit together.

Located on the edge of the thriving “Golden Mile” of Lincoln Highway East. This area is the heart of the tourist business of Pennsylvania Dutch country, which is rich in history and scenic beauty. Lancaster and Hershey-area outlets and entertainment venues.

Detailed Information

Real Estate:
Owned
Building Sq. Ft.:
2,122
Facilities:
2,122 square feet well-known, established restaurant with growth potential. Fully equipped, turnkey with on-site parking. Seating capacity for 64 people, 44 parking spaces plus 17 truck parking spaces. After purchasing the restaurant business, the real estate can be leased or purchased. Real Estate purchase price is $795,000 - owner willing to negotiate installment sale. Lease is as follows: Years 1 – 3 @ $7,000 N/N/N per month, then 3% annual increases. FF & E remains with real estate. Purchase option available during long-term lease. Current owners will work with new owners for a period of time. Gross Sale @ $1,000,000+.
Business Website:
http://www.highassociates.com

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Ruth Devenney

Business Listed By:
Ruth Devenney

High Associates, Ltd.

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Sponsoring Broker:
Brenda Strausser

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