REDUCED To Sell Well Established Profitable American Grill

For over 10 years, this restaurant has been a favorite in this Harbor Town. This free-standing restaurant is located on the best and busiest road in town. Sprawling over 5,400 sq ft., with 225 seats, 60 parking spaces, and a rent of ONLY $5,750 the sky is the limit!! They are open from 10:30 am until 8 pm daily. The kitchen and dining are fully equipped as well as an updated sprinkler, ansul, and security system. Sales are currently over 800k, operating lunch and dinner only with NO liquor. The restaurant has a casual, family-friendly menu with burgers, fish, steaks, and more. A new owner could add breakfast (open market) or add liquor to the lunch and dinner menu to increase revenue substantially. The restaurant has a great customer base with lots of potential to grow this restaurant to 1.2-1.5M a year. The inventory, assets, and cash flow are more than the sell price. Great, knowledgeable, and hardworking staff of 20 already in place. We close two to three weeks a year for the staff and us to take vacation time. Priced for quick sale due to seller’s family needs. The seller is retiring after 30 years in the restaurant business. Great opportunity for a restauranteur who wants to make money from day 1 and grow it into something special in this prime location! Some seller financing may be available but only a small portion and at the seller's discretion. If you put in a LOI (letter of intent) a required 10% deposit is mandatory if the seller accepts the offer and proof of funds must be supplied before submitting an LOI.