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Asking Price:	$250,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling:	Absentee owners not able to be on site to manage.
Year Established:	2005
Yearly Gross Income:	$960,000

Business for Sale Overview:

Located in affluent town within 0.5 mile of a major highway exit/entrance and a prime commuter route. The usage had been a casual American food restaurant serving breakfast, lunch and dinner. A convenient drive through window, gourmet coffee and pastries provided the capability of keeping customers flowing, even for off peak meal hours. The owners invested $1.5 million in startup costs for this lavishly appointed and well equipped restaurant and cocktail lounge. The original restaurant opened in 2005, and a year later the cocktail lounge was added- a beautifully appointed bar with sit down tables makes the entire facility quite expansive. The two areas can be bought and leased together or separately. There are beautiful fireplaces in both areas, large screen TV’s, lounge area with leather couches, private meeting/party room, and even an outdoor patio complete with a spectacular firepit in a field stone hearth.

Property Features and Assets:

Current owners do not come from a restaurant background and were not on site to manage the operations. Cost of goods and payroll were well beyond industry norms. Sales of about $80,000 per month demonstrate that sufficient demand is there for a restaurant pro to come up with a winning motif and make this a profitable operation. Will consider a division onto the restaurant up front at an estimated price of $150,000 for the restaurant and $100,000 for the cocktail lounge in the rear. Occupies the high visibility street frontage location within the L shaped plaza, with plenty of common parking. The total square footage is 3,400 square feet - restaurant 2,200 square feet, bar 1,200 square feet. The plaza was newly constructed in 2005.

Market Competition and Expansion:

Competition: This is the only restaurant facility on a particular section of a heavily traveled route. There are a myriad of restaurants in the center area, so this enjoys the advantage of a more convenient location for those living in the faster growing part of town or commuting from the adjacent growing communities. Growth and Expansion: The expanding town population plus the fact that it is located on a busy thoroughfare should provide the traffic and population base to support a well run hospitality operation. Major pluses to exploit are 1) the full liquor license, which can be used jointly in both the front restaurant and rear cocktail lounge, and 2) the always coveted drive through window.

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.