Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$1,100,000	Inventory	$25,000*
Gross Income	1,495,430	Real Estate	$1,100,000*
Cash Flow	$83,307	Year Established	1989
FF&E	$539,682*	Employees	67

* included in the asking price

** not included in the asking price

Restaurant: One 6,200 square foot steak house franchise restaurant and a separate 5,100 foot Sports Bar and Grill facility on the same prime real estate location. The lot is.79 acres and is located near a major intersection. The lot is near a huge Wal-Mart warehouse with 1,000 employees and across the street from a new Wal-Mart Super Store and other businesses as well as being near 4 motels. The family style steakhouse is popular among the local clientele and has very little competition in the area. It operates absentee with one manage, one assistant manager, 4 supervisors, and 47 employees. The franchise agreement expires March 2008 and can either be renewed or a new owner could opt not to renew the franchise, change the name to a private entity steak house and save the $35,000 currently being paid in royalties to the franchisor. The sports bar is popular with locals and has little competition. It operates absentee with one manager, 3 supervisors, and 18 employees. Busy traffic count on a business by pass. Mid-western city with 8,700 residents along with a good rural population count. Great location less then one hour from a major University city.

Financing: No

Support/Training: As required. Both businesses are being operated absentee at present and both have management in place.

Reason Selling: Other interests