Price Reduced Restaurant Real Estate/Liquor License, Berks Co. PA

District, PA (Berks County)

Seller Financing Available
Price Reduced Restaurant Real Estate/Liquor License, Berks Co. PA

Asking Price:$225,000

Cash Flow:$75,000

Gross Revenue:$600,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$475,000

Established:N/A

Price Reduced Restaurant Real Estate/Liquor License, Berks Co. PA

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Business Description

This would be a perfect location for a trained chef. It is a bucolic rural setting which diners travel to for top quality cuisine. The current restaurant has received excellent reviews based on the work of several restaurant-school trained chefs. Customers are local as well as visitors from Allentown, Reading Pottstown and Philadelphia. Well-maintained facility, 4300 square feet on the first level with indoor seating for 100 in three rooms and outdoor seating on a lovely patio, with an outdoor bar, for 80. The views from the outdoor patio are incredible. There is a heated patio at the entrance to the restaurant. The indoor bar has seating for 30. Large kitchen, 1200 square feet, well equipped from ovens to walk-in refrigeration and freezers. Second Floor is 4300 square feet, could be renovated into bed and breakfast rooms or additional restaurant seating. Parking for 50 cars on the property. 1.4 acres. Includes a two bedroom house and large storage shed. Large basement for storage. Revenue $600,000; Cash Flow $75,000. Asking $225.000 for the business, inclusive of liquor license; $475,000 for the real estate. Qualified buyer could own for $100,000 cash down.

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Facilities:
Well-maintained facility, 4300 square feet on the first level with indoor seating for 100 in three rooms and outdoor seating on a lovely patio, with an outdoor bar, for 80. The views from the outdoor patio are incredible. There is a heated patio at the entrance to the restaurant. The indoor bar has seating for 30. Large kitchen, 1200 square feet, well equipped from ovens to walk-in refrigeration and freezers. Second Floor is 4300 square feet, could be renovated into bed and breakfast rooms or additional restaurant seating. Parking for 50 cars on the property. 2.3 acres. Includes a two bedroom house and large storage shed. Large basement for storage.
Competition:
This is the one of the premier restaurants in Berks County. Competition is limited.
Financing:
Seller financing available to qualified buyer
Reason for Selling:
Retirement

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Ronald Hoxter

Business Listed By:
Ronald Hoxter

Mill Creek Partners

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