Asking Price:

$250,000

Gross Income:

$752,037

Cash Flow:

$97,044

FF&E:

$100,000.00 *

Inventory:

$5,000.00 **

Real Estate:

$699,000.00 **

Year Established:

1987

Employees:

5ft/10pt

Business Types:

Restaurants
Other Eating & Drinking Places

** not included in the asking price

* included in the asking price

Business Description

Completely renovated free standing restaurant with 50k car count daily. Nice bar with full liquor & upward sales trend. Great signage, on-site parking, building repainted, all furniture & equipment replaced new, immaculate inside & out. Real estate for lease @ $5,300 per month or for sale @ $699k with seller financing on real estate only with fully amortized 30 year mortgage (no balloon) $225,000 down, 7%, $4,477.49+/- per mo. Excellent upside to add lunch & keep bar open later. Fantastic opportunity.

Detailed Information

Facilities:

Lease/Month: $5300. Square Footage: 3400. Building Type: FREESTANDING. Terms & Options: FOR SALE OR LEASE. Expiration Date: 12/31/2015

Support/Training:

Seller will train buyer for one week at no cost to buyer

Reason Selling:

Pursuing other interests

Broker Information

Dale Armor

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