Property ID : WSD24.276
For Sale $498,600.00 - Restaurant
- A Well-Known Family Restaurant in operation since 1973 is for sale
- It has a separate banquet room for large gatherings, or additional seating when the main dining area is full
- The Restaurant has 5,920 Square Feet and has seating for over 130 customers in the main dining area, and 100 in the banquet room
- This Restaurant has a very loyal clientele and excellent online reviews.
- It has a large selection of American Home-Cooked items on its menu.
- It is currently open daily from 8:00 AM to 9 PM
- There is a large private parking lot for up to 50 cars and/or trucks
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)
- Furniture, Fixtures, and Equipment at a Fair Market Installed Value of $ 90,000
- Inventory at Cost of $ 8,000
- A 3–5-year Lease at a Base Rent of $ 8,000 plus Triple Net Charges per month will be offered to the Buyer of this Restaurant
SALES AND SELLERS DISCRETIONARY EARNINGS:
Fiscal Year Ending 7-31 2021 2020 2019 2018
Sales: $ 1,399,549 $ 1,112,143 $ 1,346,061 $ 1,274,215
Cash Flow (SDE): $ 491,746 $ 245,596 $ 308,957 $ 233,548
Asking price for the Business is $ 498,600
Great opportunity for an owner/ operator looking for a well-maintained turnkey Restaurant or an owner of an existing restaurant looking for an additional location.