Very Profitable Restaurant and Bar

Greensburg, PA (Westmoreland County)

Very Profitable Restaurant and Bar

Asking Price:$659,000

Cash Flow:$210,000

Gross Revenue:$1,000,000

EBITDA:N/A

FF&E:$118,200

Inventory:$10,000

Real Estate:N/A

Established:1985

Very Profitable Restaurant and Bar

Get Financing Save Print Share Valuation Report

Business Description

Full service restaurant and bar business for sale in Westmoreland County, Pennsylvania. This business has been operating for over 30 years and is one of the best known restaurants in the area. This business is located east of downtown Pittsburgh. There is ample parking in the area that includes parking lots and on street parking. The stand-alone building has been taken care of and is one of the nicest buildings in the area. When entering the restaurant, a customer knows they are walking in to a comfortable environment. The restaurant has family style eating areas and also a large full service bar. With approximately $1,000,000 in revenue, this business has provided for the owner’s family for many years and would be a great opportunity for a new owner. A complete financial packet of information will be available to qualified buyers. Our firm has relationships with many local and national financial institutions who may be interested in providing financing for the purchase of this business. An example of financing could look like the following:

Purchase Price: $659,000
Down Payment: $66,000 (10% of purchase price)
Interest Rate: 5%
Term: 17 years (blended for RE and Business)
Monthly Payment: $4,320
Annual Payment: $51,840

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Very well maintained building.
Competition:
Very well known and established business.
Support & Training:
Owner will provide a training and transition period.
Reason for Selling:
Retirement

Listing Statistics for Premium Members

Ad#:1253496 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 & conditions 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

Dave Ball

Business Listed By:
Dave Ball

Sunbelt Business Brokers of Pittsburgh

Show Phone Number

View My Listings

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.

Find out more...

Get more details about this business.


Similar Listings


DRNK coffee + tea / QWENCH juice bar

Franchise Opportunity
Capital Required: $264,000