Breakfast, Lunch and dinner
Asking Price: | $225,000 |
Gross Revenue: | $600,000 |
Rent: | $3,000 |
Established Year: | 2004 |
Cash Flow: | $160,000 |
Inventory: | $5,000 |
FF&E: | $95,000 |
Fully equipped, proven concept restaurant. All is in excellent condition. Seats 46 inside and has a small patio in front of the entrance. Has beer and wine. The sq footage includes a storage unit in the plaza. Everything in the storage area is included. Took it over early this year and has quadrupled the business. Presently doing $12-13,000 a week and net about $3,000 a week after all expenses. and the season hasn't started yet. That starts after the holidays. More cash flow if it was run by a team. This would be an excellent opportunity for a husband and wife/family business. It's only him plus employees but he works his butt off. Large walk in cooler/freezer. Seller is willing to finance with a $135000 down. Seller will verify the sales and the cash flow stated below, but only after an acceptable offer is drafted up with a good faith deposit. This is an excellent opportunity with low rent and no competition. It's all upside. He's done all the hard work. Rent is $3,000 fixed for the next 4 years. 8-3 Mon, 8-8 Tues-Sat and Sunday 8-3. Seller paid 6 months deposit for prepaid rent on the back end that needs to be reimbursed that's not included in the asking price. .