Restaurant for sale in Montgomery County PA

Montgomery County, PA

Seller Financing Available

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Asking Price:$550,000
Gross Revenue:$850,000
Rent:$4,000/Month
Cash Flow:$229,000
Inventory:$25,000
Established Year:2012
BUSINESS DESCRIPTION

Profitable, Charming, well Established, family operated Restaurant with Mediterranean cuisine. This restaurant features cozy interiors and is equipped with a full service kitchen and a seating capacity of around 90 people. It is also equipped with a nicely decorated party room that can accommodate approx. 30 guests for parties & events. Serves delicious Mediterranean food. Situated in a busy area, it is surrounded by a huge neighborhood with many high rise condo units. These high rise buildings have been occupied by many residential & commercial offices as well. This restaurant occupies a special space in this busy location with direct front access from the parking lot and with access in the back to and from the condo mall. Business is attractive with low rent and a good lease. Equipped with ample parking & conveniently located to major roads and highways. Business has a good online presence as well.
The cash flow noted is for an owner/operator working 50 hrs/wk taking NO salary and before debt service.


DETAILED INFORMATION
Location
Montgomery County, PA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,000
Lease Expiration
01/01/2028
Employees
8
Facilities
This well established Restaurant is fully equipped with a full kitchen and Party Room to accommodate parties & events.
Growth & Expansion
Popular amongst local neighborhood customers with a steady client base and strong online presence.
Financing
. Please contact Broker for additional information.
Support & Training
The Seller is willing to provide 2 weeks training for easy transition.
Reason for Selling
Seller is looking to retire.
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Ahmed
Saiyed
Lamon Assocites
Ahmed Saiyed