Property ID : SPL25.430
For Sale $190,000.00 - Lounge, Restaurant
DESCRIPTION:
- A long-standing, well-known Family Restaurant with an attached bar, and lounge.
- Located in a strip mall setting
- Operating since 1978
- Very loyal clientele
- Premises size 5,500 square feet
- Menu consists of an American and Greek style specialty’s
- Open 6 days a week, breakfast, lunch and dinner. Closed Sundays
- Plenty of well-lit parking available
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
- Furniture, Fixtures, and Equipment at a fair market installed value of $ 75,000
- Inventory at Cost of $ 5,000
LEASE ARRANGEMENTS:
- Current lease is $ 5,560 gross a month. A new lease can be negotiated
REPORTED SALES
| 2024 | 2022 | ||
| SALES | $492,577 | $5243,736 | |
PRICE/FINANCING:
- Asking price is 190,000
- Financing is available with 50% down.
COMMENTS: Ideal location for a Bar lounge. Restaurant does need some remodeling. Owner looking to retire after 43 years
