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The Internet's Largest Business for Sale Marketplace |
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The Internet's Largest Business for Sale Marketplace |
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Asking Price  |
$199,000 | Inventory |
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|---|---|---|---|
| Gross Income |
$487,845 | Real Estate |
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| Cash Flow |
Not Disclosed | Year Established | 1995 |
| FF&E |
N/A | Employees | 1ft, 11 pt |
* included in the asking price
** not included in the asking price
Popular restaurant on busy arterial. Hours are 11:30-2, then 5-9. Restaurant was established in 1995, but the current owner/chef has been there since 2000. Lease expires 10/31/2014 and grants the tenant first option to renew. Food costs:32%, Rent:9%, Labor:22%. Produces excellent cash flow. Seller financing.
Facilities: 3,500 square foot facility. The bar seats 40-50, the restaurant seats 70. $3,000/mo rent. $570 NNN.
Growth/Expansion: Good upside potential in the bar which is not currently being promoted.
Financing: 50% down, 6 year note @ 7% interest.
Support/Training: 2 weeks free training.
Reason Selling: Moving
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