Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$775,000	Inventory	$7,500**
Gross Income	$1,443,360	Real Estate
Cash Flow	$281,500	Year Established	2003
FF&E	$150,000*	Employees	20

* included in the asking price

** not included in the asking price

Profits are the Special of the Day offered at this successful bar and grill. In fact, positive cash flow is a daily featured item complimenting the varied lunch and dinner menus. In addition to its popularity at meals, this eatery enjoys a faithful following with the pre- and post-dinner cocktail crowds. The business has already been approved for SBA financing for a qualified buyer.

Facilities: The 3250 square foot facility comfortably handles the nearly 100 inside seats. Additionally, 68 outdoor seats can be enjoyed approximately nine months of the year. The current lease has 4 1/2 years remaining at $5808.45/month.

Competition: This is not a national chain. It is a homegrown business which has developed its niche by catering to local likes. It has developed a loyal following which continues to grow.

Growth/Expansion: Location alone, the Southpointe area of Durham, predicts growth. This is one of the most vibrant and constantly growing areas in the region. A substantial increase in business was realized last year despite significantly reducing the advertising budget.

Reason Selling: Health.