Business Overview:
This is a great opportunity; located near the heart of downtown this site sees high traffic counts and enjoys good visibility. The restaurant is currently run by an absentee owner, an owner/operator would see a significant increase to the bottom line if they worked there themselves. They also have the ability to be open until 2:00 AM on the weekends; this is like an entirely separate business that would add significantly to gross sales and profitability.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Location: Situated near the heart of downtown local shops and businesses make the area busy ad to potential customer base.
Facility: The facility consists of a functional layout with a dinning, counter service, larger kitchen and bathrooms.
Condition: The restaurant is in good condition.
Parking: There is a lot in front of the restaurant and plenty of off street parking.
Concept: Diner Concept.
Capacity: The capacity of the facility 49 persons.
Size: 1,300 square feet.
Licenses: Common Victullars.
Rent: $1,650 per month plus NNN.
Lease: Five (5) years remaining additional options are available.
Sales: Approximately $260,000 per year.
Cash Flow: Approximately $65,000 per year.
Asking Price: $159,000.
Reason for Selling:
Other Interests
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.