Profitable Restaurant/Bar & Real Estate

Berks County, PA

Seller Financing Available
Pasta in Pesto Sauce

Asking Price:$750,000

Cash Flow:N/A

Gross Revenue:$600,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$400,000

Established:1993

Profitable Restaurant/Bar & Real Estate

Get Financing Save Print Share Valuation Report

Business Description

This thriving business allows a buyer to step right into an opportunity to thrive, too. The staff is stable and capable and the clientele is dependable. The $80K+ average income in the area provides a strong market within a very short distance. The property also provides rental income potential. It deserves a conversation with the seller!

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
8
Facilities:
The approximately 5,000 sq. ft. floor of the building includes a 1500 sq. ft. kitchen. The full basement allows for ready access to both dry and chilled storage. The property offers the potential for additional income from a studio apartment above the restaurant. The restaurant provides seating for about 120 and the full bar operation has 6 tap. It is situated on about 1.3 acres. A lease of the property is possible.
Competition:
While competition in the restaurant market is strong, this business has thrived over its 20+ years at this location and enjoys a strong position for both dine in and take out meals. The consistently high ratings diners give to it for quality and value keep them coming back and encourage new patrons to give it a try. The average income of $80K+ for the area adds to the attraction of this location. Nearby attractions also add to the customer flow.
Growth & Expansion:
Catering functions is an area ripe for growth. The property also has room for expansion, if desired. There is always opportunity to add to the menu offerings.
Financing:
Negotiable
Support & Training:
The seller is willing to help with a limited transition period.
Reason for Selling:
To retire and enjoy family.

Listing Statistics for Premium Members

Ad#:1284713 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Mike McCarthy

Business Listed By:
Mike McCarthy

Marathon Capital Advisors

Show Phone Number

View My Listings


Sponsoring Broker:
Raymond Melcher

Find out more...

Get more details about this business.


Similar Listings


Beerhead Bar & Eatery

Franchise Opportunity In PA
Capital Required: $600,000