Well Established & Cash Flowing Restaurant
Johnstown, PA
| Asking Price: | $699,900 |
| Gross Revenue: | $1,550,000 |
| FF&E: | $125,000 |
| Cash Flow: | $180,000 |
| Rent: | $3,726.27/Month |
| Established Year: | 1953 |
Listing ID: 2133536Listing provided by BizBuySell
BUSINESS DESCRIPTION
Motivated seller, open to offers! Exceptional opportunity to acquire a thriving, long-standing restaurant in Richland Township, Johnstown, PA. This renowned establishment has firmly established itself as a local favorite. The sale includes a comprehensive package, encompassing all equipment, furniture, and more, ensuring a seamless transition for the new owner. To explore this exciting venture further, kindly reach out to the listing agent and complete a confidentiality agreement for access to financials and the business name. Don't miss out on this remarkable chance to own a well-established and profitable restaurant!
DETAILED INFORMATION
Location
Johnstown, PA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
8,134
Employees
35
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Top of the art restaurant with an established customer base. All equipment, inventory, & furniture included.
Competition
The market is strong and there is not much direct competition for this style of restaurant. Prime location off of Scalp Ave and in a highly trafficked development.
Growth & Expansion
Plenty of opportunity to grow the business. For example, open a second location, move to a large building, franchise out the operation, cut down on food costs, etc.
Support & Training
Owner willing to stay on to train and assist in transfer.
Reason for Selling
Retirement
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