Profitable Turn-Key Restaurant-Price Reduction!

Boise, ID (Ada County)

Seller Financing Available
Profitable Turn-Key Restaurant-Price Reduction!
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Asking Price: $339,900

Cash Flow: $155,246

Gross Revenue: $713,580

EBITDA: N/A

FF&E: $10,000

Inventory: $3,000

Rent: $5,002.08 /Month

Established: 1997

Profitable Turn-Key Restaurant-Price Reduction!

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Business Description

Profitable Neighborhood Restaurant!

Profitable Local Boise Restaurant: Business started over 20 years ago after the owner moved here from California. Diner is located on a high-traffic street and is very well known in the local area. Restaurant caters to its’ breakfast, lunch and dinner clientele with a very affordable menu.

-Diner is a 50’s themed diner, featuring old time food, beverages, music, and even roller skating waitresses.
-There is a great menu in place featuring Friday and Saturday night dinner specials.
-Hours are from 6:30am to 9:00pm Sunday – Thursday and open until 10:00pm on Friday & Saturday nights.
-There is a DJ from 6pm to 9pm everyday which entices the regular customers in coming back.
-Great opportunity for the right buyer, or even better, a Husband Wife “Team” to continue to build sales and to keep this restaurant thriving!
-SELLER IS MOTIVATED and will look at all reasonable offers!

- DOESN’T INCLUDE THE USE OF THE BUSINESS NAME! I

SHOWN BY APPOINTMENT ONLY! VERY CONFIDENTIAL!

DO NOT BOTHER EMPLOYEES OR ASK THEM ANY QUESTIONS!
Potential Buyers must sign a Confidentiality Agreement, as well as provide proof of funding! Please serious inquiries only!

LOCAL BANK LOAN SCENARIO:
10 years at 6.5% interest with a down payment of $100,000, with a monthly payment of $2,724.
-All loan scenarios are subject to the strength of the Buyers collateral support!
SELLER FINANCING SCENARIO:
-10 years at 6.5% interest with $130,000 down payment, with a monthly payment of $2,373.
-Buyer must apply and be approved for new lease agreement with the landlord.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,264
Lease Expiration:
8/31/2022
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
-3,264 sq. ft. leased building on .44 acres of land located on Overland Rd. with plenty of parking. -Diner is a 50’s themed diner, featuring old time food, beverages, music, and even roller skating waitresses.
Financing:
$209,900
Support & Training:
Negotiable
Reason for Selling:
To focus on other business.
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Contact the Seller

(from currently available funds)
 
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Gary Spiers

Business Listed By:
Gary Spiers

Coldwell Banker Tomlinson Group

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