Ray n Charles Restaurant and Convenience Store Milford, PA

Milford, PA (Pike County)

Ray n Charles interior

Asking Price:$1,200,000

Cash Flow:N/A

Gross Revenue:$1,200,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$840,000

Established:2003

Ray n Charles Restaurant and Convenience Store Milford, PA

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Business Description

Ray-n-Charles is a diner, deli, and convenience store.

The restaurant seats 60 and offers a drive thru window.

There are nightly specials, like hot open-faced turkey or roast beef, meat loaf with mashed potatoes, hot biscuits and gravy, fish and chips, and burgers. They also specialize in freshly prepared pizzas and fresh fried chicken, prepared from an old family recipe.

In addition to convenience store items, they also have a fresh bakery, offering Italian breads, bagels, pastries, and a variety of desserts.

The deli carries Boars Head cold cuts, and serves overstuffed hoagies and homemade side salads. They also offer made-to-order paninis, salads, wraps, and many breakfast items. The full service deli also offers off-site catering for all occasions.

Green Mountain coffee is served on site.

The store is a licensed PA lottery retail outlet, and also sells cigarettes and all tobacco products.

The store has a Pennsylvania R liquor license, which allows the sale of beer both inhouse and for takeout. The business was also recently licensed to sell wine by the bottle as approved by the Pennsylvania Liquor Control Board.

The business is located at 1220 Route 739 Milford, PA 18337. It is two miles from the town of Milford and is also accessible from the Lords Valley exit of Interstate Route 84. There are multiple housing developments on lakes in the area, including Hemlock Farms. Many of the residents are owners of second homes who also live in the New York City metropolitan area.

The store is located across the street from St. Vincents Catholic Church.

The business is open 7 days/week: Monday-Saturday 6:30am-6:30pm and Sunday 6:30am-3:30pm

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
3,500
Employees:
9
Facilities:
Lot #1: A November 2016 commercial appraisal established a market value of the real estate of $840,000. The one-story building housing the business measures 3,531 sq. ft. and is situated on 2.55 acres. Lot #2: The appraisal also established a value of $250,000 for the adjoining undeveloped lot, which measures 2.22 acres. Lot #2 is also available for sale separately at the appraised price of $250,000. A virtual tour of the Restaurant and Convenience Store is available upon signing a confidentiality agreement.
Competition:
The business has been successful and profitable for over 13 years.
Growth & Expansion:
The neighboring lot is vacant and undeveloped and is for sale separately by the same owner.
Financing:
None
Support & Training:
The Seller will be available for 30 days to assist in the transition of ownership as part of the purchase price.
Reason for Selling:
Retirement
Business Website:
http://www.rayandcharles.com

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Daniel P. Haggerty

Business Listed By:
Daniel P. Haggerty

PMJ Group LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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