Property ID : JM43.13
For Sale $140,000.00 - Restaurant
DESCRIPTION:
- A long-standing popular hots and plate’s location
- Operating 14 years with same owner
- A staple in the community with a very loyal clientele
- Low overhead
- Menu consists of burgers, hots, plates, shakes etc..
- Great location in a busy plaza
- Ample parking
- Hours of business 11am -10 pm daily
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
- Furniture, fixtures, & Equipment at a fair market installed value of $25,000
LEASE ARRANGEMENTS:
- Current lease can be assumed. Rent is $1975 gross a month
- Lease extends until 2029, and can be renewed
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
| 2023 | 2022 | 2021 | |
| SALES | $352,007 | $401,042 | $425,757 |
PRICE/FINANCING:
- Asking price is $140,000, with some financing to a qualified buyer
COMMENTS:
Ideal owner operator business. Owner currently has another business in a different field, and is looking to retire.
Very motivated to sell and will offer training if needed.
