Table Service Restaurant Along Major Road

Lancaster, PA (Lancaster County)

Table Service Restaurant Along Major Road
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Asking Price: Get Financing: $475,000

Cash Flow: $194,000

Gross Revenue: $600,000

EBITDA: $197,000

FF&E: $45,000

Inventory: N/A

Lease Rate: $2,800 /SF/Month

Established: 2008

Table Service Restaurant Along Major Road

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Business Description

Well-Established Lancaster Restaurant

This very popular Lancaster-area dining spot has been winning-over customers for over ten years. It is located along a major roadway and has good curb appeal. Its average cash flow for the past two year years has been over $200,000. The tables turn-over quickly as it is only open for breakfast and lunch and closes at 3:00 each day. The Owner does work in the Business, but another chef could be found and there would still be ample net income. This cash producing place is well-maintained, fully staffed, and ready for a new owner.

Detailed Information

Real Estate:
Leased
Building SF:
1,440
Lease Expiration:
N/A
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Restaurant has a long-term lease as the Seller owns the property and would enter into a lease with the new owner. It has 58 seats and all equipment and fixtures are in great shape. It is 100% ready for a new owner.
Competition:
While new restaurants are always opening, this one has a great repeat customer base and a terrific menu which makes it stand out among its competition. It has four stars on Yelp.
Growth & Expansion:
The new owner could expand the Business past 3:00, which is when it currently closes. It could also offer delivery or promote a take out service.
Support & Training:
The Seller would offer as much training as reasonable for the buyer in order to have a smooth transition.
Reason for Selling:
Restaurant is to far from Seller's home.
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Jeffrey Shelly

Business Listed By:
Jeffrey Shelly

OneSource Business Solutions LLC

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