Business Broker.Net | Connecting Business Buyers and Sellers

Asking Price:	$200,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling:	Retirement
Year Established:	1997
# of Employees:	4 Full Time, 3 Part Time
Yearly Cash Flow:	$88,695
Yearly Gross Income:	$269,501

Business for Sale Overview:

A popular restaurant and lounge including the real estate is available in Western Kentucky for someone to take it to the next level. Real Estate is available to purchase at $650,000. The current owners have built up a great reputation and many devoted customers that they would like to pass on to a buyer as they are ready to retire. A small banquet facility is included in this complex which is excellent for meetings and other gatherings. The parking availability is very good as is the access to the location.

Property Features and Assets:

The restaurant, lounge and banquet facility is in a building of over 7,800 square feet with paved parking that is more than ample. The main building was built in 1997 with additions being done in 2002. The structure is in good repair and has been kept up with normal repairs and maintenance. It is located in a busy part of town with good access from either direction. The Real Estate is available for the buyer to purchase at $650,000.

Market Competition and Expansion:

There are a limited number of lounges that are attractive to a good cross section of clientele. Although there are a number of establishments, they are either not very appealing or are connected with a national chain restaurant. The "hometown" aspect of this restaurant is a welcome attribute in the community. The location is smack dab in the middle of the city in and close to the main business district and very accessible to all parts of the area. No waiting lines, no repeated driving around the facility to find a parking spot, patrons and employees that you recognize, and good service. With fresh marketing and with added energy, the business should grow quite well over the ensuing years. There is a limited amount of competition in the "family restaurant" availability in the area especially from a "hometown" aspect. The lounge offers the greatest opportunity for growth as it is open on a very limited schedule. The right motif and marketing plan would be rewarded with good clientele and steady growth in the bar.

Additional Details:

• The property is owned.
• 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.