Neighborhood Restaurant/Lounge - Real Estate Available.

Wilmington, DE (New Castle County)

Neighborhood Restaurant/Lounge  - Real Estate Available.

Asking Price:$150,000

Cash Flow:N/A

Gross Revenue:$550,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$650,000*

Established:1990

*not included in asking price.

Neighborhood Restaurant/Lounge - Real Estate Available.

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Business Description

This restaurant has been in the community for over 25 years serving daily specials and all of your comfort foods; buffets on appointed days, and a great Sunday brunch. The value and portions have been been enjoyed over and over again. Loyal clientele with lots of room to make changes and create new ideas. Recently, painted and decorated and a name change to the "Hunter's Grill". Many weekends entertainment is provided in the lounge area where neighbors meet and new friends are made. There is a full alcohol beverage and Sunday license that can be transferred to the "approved buyer". The turnkey business can be purchased separately w/lease and an option to purchase, or may be purchased with the business transaction. Complete a Patterson Woods non-disclosure form and you can get all the details including the location.

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Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
5,810
Employees:
6 f/t; 11 p/t
Facilities:
The restaurant is located on a secondly road but traffic flows steadily. There are three dining rooms, a bar/lounge area that has entertainment with a dance floor. There is ample parking with its own lot and an adjacent lot used for overflow. If you choose to only purchase the business, a lease can be negotiated for approximately $17.00 sf, five years, will be negotiated for acceptable terms.
Competition:
There are a number of other restaurants and fast food operators in the area; but none doing the same time of business.
Growth & Expansion:
A new buyer can expand the catering services and can add delivery which would work in the area.
Financing:
Seller may consider.
Support & Training:
Seller will train "approved buyer" during the transition period.
Reason for Selling:
Absentee management owner wishes to relocate.

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Joseph Latina

Business Listed By:
Joseph Latina

Patterson Woods Commercial Properties

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