Motivated - Successful Restaurant, just reduced, Major Highway

Newark, DE (New Castle County)

Motivated  - Successful  Restaurant, just reduced, Major Highway
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Asking Price: $465,000

Cash Flow: N/A

Gross Revenue: $1,938,216

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $10,400 /Month

Established: 1994

Motivated - Successful Restaurant, just reduced, Major Highway

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Business Description

Profitable Restaurant - Reduced - Seller Motivated - Churchman Rd

Amazing opportunity to own well established I restaurant located in a major business environment with hotels, other restaurants, businesses, medical facilities, and lots of retail.. Thriving and profitable business with present owner since 1994. Lease has been negotiated for a long-term assignment and rate is below market value. Alcohol Liquor license with patio is transferable for qualified buyer. Please complete the attached
Patterson Woods confidentiality/non-disclosure agreement.

Attached Documents


Detailed Information

Location:
Newark, DE
Real Estate:
Leased
Building SF:
7,262
Lease Expiration:
5/31/2024
Employees:
13 f/t; 16 p/t
Facilities:
Great dining and bar area; separate banquet/party rooms. This restaurant also has a patio.
Competition:
There are other restaurants in the area, a number of national chains; however, this restaurant's reputation has its costumers coming back daily, monthly, special events, a very personable environment and food is tasty and consistently great.
Growth & Expansion:
Restaurant caters to a breakfast clientele and of course has lunch and dinner, and light fare in the bar for late diners that offer a stress free social setting. Most days it closes at 9:00 PM; however, later hours could bring in another dimension to the restaurant.
Support & Training:
Seller will train buyer for a minimum of two weeks.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Joseph Latina

Business Listed By:
Joseph Latina

Patterson Woods Commercial Properties

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