Profitable Fine Dining w/Bar + W/Real Estate - SBA Loan

PA

Profitable Fine Dining w/Bar + W/Real Estate - SBA Loan
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Asking Price: $780,000

Cash Flow: $223,000

Gross Revenue: $796,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $650,000*

Established: 2006

*not included in asking price.

Profitable Fine Dining w/Bar + W/Real Estate - SBA Loan

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Business Description

Making Making - Fine Dining - SBA Loan - Real Estate Incld.

SUMMARY: This fabulous fine dining restaurant is one of New York, New Jersey and Pennsylvania's favorite resort destinations in the tri-state area serving some of the finest dishes this broker has eaten. The salmon literally melts in your mouth! This great restaurant earned nearly 5 stars on all major review websites with over 800 reviews on Yelp, Tripadvisor, Facebook and Google!
Uniquely situated at the foothill of the Poconos and surrounded by lakes, rivers and plenty of hunting this restaurant attracts big crowds doing 125 to 150 covers each weekend day and 75-100 overs on weekdays with average spending of $50 per person.
Open in 2006 and the building built in 1984, this restaurant was rebuilt not too long ago and shows well and is very clean and well maintained.
This is a great husband and wife business with 10-14 employees.
The restaurant is only open 5 nights a week from 5 pm to 10 pm - that's right closed 2 days a week - designed so you could have a life and not be absorbed by the restaurant. Or you could open another day to add to the profit.
EMPLOYEES: Kitchen and front of the house is fully staffed, well trained, friendly and professional not to mention the restaurant is immaculate. The owner has left the restaurant months at a time, that's how well trained the employees are. The owner's roll is more about menu preparation, food buying and front of house entertaining. He's willing to work with a new owner to help them with menu and the operation for a reasonable amount of time.
REAL ESTATE INCLUDED: The real estate is included in the sale and contains about 3,800 Sq. Ft. restaurant building and seating for about 120 customers plus there is a small rented studio apartment included in the sale. There are 35 parking spaces with a 3.68 acres lot and the property is on well water that's checked every month, septic tanks, which are fairly new, and propane gas as well as heating oil. The water is triple filtered and tastes great.
FINANCIALS: We have good tax returns that will qualify this business for an SBA loan.
SBA LOAN: With 20% down we ought to be able to get an SBA loan for a Qualified Buyer.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
3,797
Employees:
16
Facilities:
Recently renovated.
Support & Training:
Well train as much as you need.
Reason for Selling:
Call for Details.
Business Website:
http://sellingrestaurants.com/restaurant-for-sale/restaurant-for-sale-pennsylva
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(from currently available funds)
 
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Mel Jones

Business Listed By:
Mel Jones

Paramount Restaurant Brokers, Inc.

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