Property Details

DESCRIPTION:

• A Well-Established and Very Profitable Restaurant in operation since 1973 is for sale
• Sales were $ 1,399,549 between August 1, 2020 through July 31,2021
• 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

LEASE INFORMATION:       

• 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

          PRICE/FINANCING:

Asking price for the Business is $ 498,600

 COMMENTS:

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.