Retail - Restaurants | Retail - Bars/Taverns

Asking Price	$375,000	Inventory	$24,000**
Gross Income	$1,200,000	Real Estate
Cash Flow	Not Disclosed	Year Established	1974
FF&E	$316,000*	Employees	25

* included in the asking price

** not included in the asking price

Buy a restaurant/bar $375K- pay faction of the cost (million to startup) and make multi-millions. Prime location with ready 1500 customers pools - 285 hotel guests+1000 convention ctr guests.

Facilities: This is a good deal: 2003 one million spent on remodeling and setting up this 12,600 sf restaurant & bar lounge w/ 3K sf kitchen 'inside'/next to 165 rm Ramada hotel(new flag 05) and 10K sf convention center attached. Besides other walk-in customers from busy Biddle Rd & exit, restaurant draws customers from 165+120 hotel guests+600-1000 people convention ctr guests. Monthly rent rate is only $6,300 gross on 13K sf! Lease expire 12/31/08 but with 2(5)yrs option similar to first. Operator got too many biz & have not put any effort on this one.

Competition: Prime location 'sandwich' between 10k sf convention ctr and Ramada hotel(newly remodeled), Food 4 Less and 120 rm Quality Inn

Growth/Expansion: More events in the Bar & Lounge like bands, big parties, happy hours. Proper promotion and new events hostings, etc. Work better with next door big hotel operation. (Bkr sold same hotel in 05).

Financing: none. it is a good deal to buy this wow 1 million spent to setup the restaurant

Support/Training: Will stay on to train new operator/buyer with conditions. Current 25-30 employees half part-time.

Reason Selling: Too many restaurants and this one has not been paying too much attention.