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Johnny Boys Breakfast/Lunch Restaurant

Rutland, VT (Rutland County)

Johnny Boys Breakfast/Lunch Restaurant
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Asking Price: $975,000

Cash Flow: N/A

Gross Revenue: $864,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 2003

Johnny Boys Breakfast/Lunch Restaurant

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Business Description

Very fast paced operation, not uncommon to have waiting lines for up to an hour to get in. High Volume, High Quality Food, Very loyal local Clientele, Frequented by Tourists as well. Licensed for up to 100 seats. Despite the volume, this is one of the most immaculate kitchens in Vermont. The owners have very high standards not only with their food, service, it also includes their building, inside and out. The restaurant building is 3,600 sq ft and situated on 1.19 acres with highway frontage, plenty of on site parking. It helps if a new owner is a Chef and has high volume experience. The numbers support the price. Seller request Buyers to sign a Confidentiality Agreement and provide financial information to prove their ability to purchase before we can release the financial information. Required minimum down payment by Banks is 20%. It is also customary for a new owner to pay dollar for dollar for the inventory at time of closing.

Detailed Information

Location:
Rutland, VT
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,600
Employees:
10+/-
Facilities:
The original business was established in a different location. This unit was purchased and totally gutted in 2010 to accommodate Johnny Boys new restaurant. The building and systems inside and out have been maintained to the highest standards. (Home Based)
Competition:
The numbers verify an upswing in business.
Growth & Expansion:
It is up to a new owner if they want to work more hours.
Financing:
N/A
Support & Training:
Owner will assist in a smooth transition.
Reason for Selling:
Retiring
Home-Based:
This business is Home-Based
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(from currently available funds)
 
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Richard Palmer

Business Listed By:
Dick. Palmer

Hospitality Consultants, LLC

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