Property ID : LB22.185
For Sale $95,000.00 - Restaurant
- Fully functioning restaurant, currently in its 44th year.
- Clean and quaint with dine-in or take out available.
- Located in a plaza on a busy eastside street, easy access getting in and out.
- Restaurant has 68 seats in a 1780 sq. ft. facility.
- Plenty of parking.
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
- Equipment at a Fair Market Value of $25,000
- Equipment consists of a walk-in-cooler, reach in cooler and freezer, prep table and much more.
- Inventory, valued at cost of $2,000
- Gross rent is $2,245/month
- Lease expires 4/2018 with a 5-year option.
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
|SALES||$ 247,830||$ 269,140|
|SDE||$ 39,500||$ 49,500|
- Asking price is $95,000, Seller financing available to a qualified Buyer.
Outstanding opportunity for an experienced cook, restaurant server, or manager. Seller is retiring after nearly three decades of successful operation.