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Asking Price:	$240,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling:	Seller moving
Year Established:	1996
# of Employees:	7 FT 5 PT
Yearly Revenues:	$495,000
Yearly EBITDA:	$85,000

Business for Sale Overview:

** Purchase Price Reduced to $240,000 ** This is a 12-year established neighborhood restaurant and bar. Its casual, friendly atmosphere attracts young professionals, families and business people. Its lunch business draws on the central part of the city’s business district, on nearby condos and lofts, as well as a large employer a few blocks away. With the advent of new residential and commercial construction, and a nearly complete light rail mass transit station, this area is in the early stage of a revival. This restaurant is known for its quality food and service. Its kitchen staff is experienced with the lunch head cook part of the team for seven years and the dinner head cook for 11 years. With prices below the competition for an equivalent level of quality, it has developed many loyal customers. This restaurant consistently receives superior reviews form local entertainment and news print media. Although the business has a full liquor license, it closes by 10 p.m. on week nights and 11 p.m. on weekends. Extending these hours is an opportunity for a new owner to develop a later evening clientele. Food represents about 80 percent of revenue, while wine, beer and liquor is about 20 percent. The sale includes a large data base of customers and a website.

Property Features and Assets:

Approximately 3400 sq.ft. @ $3,200/mo. Lease month to month. Single-story building on a corner in the heart of a historic part of this southern city. Main dining area separated from bar/lounge area. Mediterranean décor. New A/C 2007.

Market Competition and Expansion:

Many restaurants and bars in this area. Always competitive. However, one of the largest employers in the city is a few blocks away and a nearly completed new light rail station two blocks away is spurring commercial and residential construction. The seller has reduced hours of operations for family considerations. Extending hours, especially on weekends and nights will enhance revenue opportunities.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for 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.