Business for Sale Overview:
This is a great opportunity for someone to purchase a business at a discount and be their own landlord. Currently run by absentee owner with a 65% to 35% alcohol to food ratio. Sales could be grown rapidly with the right management. This is a stand alone building sitting on one acre of land that includes a tavern, restaurant and three residential apartments. The seller is willing to offer financing with as little as $200,000 down for both the business and real estate. The residential apartments are currently generating $32,100 per year. The seller is very motivated and he will consider selling just the business to the right operator.
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:
Facility: This stand alone building sits on 1 acre of land. It contains a full service restaurant and tavern along with three residential apartments which generate revenue.
Seating: 90.
Licenses: Full Liquor, Entertainment.
Real Estate: A commercial real estate appraisal valued the real estate at $550,000 in 2006.
Asking Price: $575,000 or best offer.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- 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.