Property ID : SPL25.490
For Sale, Real Estate $450,000.00 - Restaurant
DESCRIPTION:
- A Long-Standing Family Restaurant /Diner located off a well trafficked highway
- Operating since 1999, and recently remodeled
- Very loyal local clientele
- Open daily 7am to 8 pm except Mondays 7am tot 2pm
- Offerings from seafood to pasta dishes to sandwiches and wraps
- Located on 1.36 acres with easy access off highway
- Popular for travelers and truckers. Has a very loyal Mormon clientele
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)
- Furniture, Fixtures, and Equipment at a fair market installed value of $75,000.
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
| 2022 | 2021 | 2020 | |
| SALES | $626,980 | $616,439 | $400,070 |
- Owner currently pays themselves $4,000 a month rent.
- Additional income consists of another 20% cash
PRICE/FINANCING:
- Asking price is $450,000 for business and property.
- The property is valued at $275,000
- Business is valued at $175,000
COMMENTS:
This is a family-owned business where the owner is looking to retire after 25 years. Very profitable and consistent sales.
