Asking Price:

$1,500,000

Gross Income:

$1,600,000

Cash Flow:

N/A

FF&E:

$200,000.00 *

Inventory:

N/A

Real Estate:

N/A

Year Established:

1998

Employees:

N/A

Business Types:

Restaurants
Bars/Taverns

* included in the asking price

Business Description

The real value is just in the property alone. Northeast side of the city. 120' frontage on four lots. Seating capacity is 159 patrons. Present owner absentee for many years. This is a prime 24 hour joint, that is completely under utilized now. Superb stop light intersection. 65,000 traffic count at this intersection and also has hugh pedestrian activity. Even has 17 car parking. Relatively low taxes. This is an exceptional property and business that rarely comes on the market.

Detailed Information

Facilities:

3,646 square foot 24 hour restaurant with bar and separate party room

Competition:

Popular place with no significant competition in the area

Growth/Expansion:

Though it is a successful and profitable restaurant, there are many more opportunities for a younger owner/operator.

Support/Training:

Seller will provide all support and training

Reason Selling:

Owner retiring; she is unable to work full time