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Business For Sale
$2 MILLION GROSS OPTION ON PROPERTY
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Asking Price: |
$900,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Yearly Revenues:
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$2,000,000 |
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Yearly Gross Income:
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$2,000,000 |
Business for Sale Overview:
This Restaurant is doing $2,000,000 a year, 60% food and 40% liquor. The owner is willing to sell business with an option on the property, below market value. This is a complete Turn Key operation and a money maker.
Property Features and Assets:
Restaurant is 6,000 square feet with a new 10 year lease and a 5 year option. There is seating for 55 in the first dinning room and 52 in the second, the bar area has seating for 20 at the bar and 50 in the bar area. There is also seating for 60 outside in season. There is an option on the property at $1,900,000. There was an appraisal done about a year ago with a value of $2,300,000.
Market Competition and Expansion:
We have over 200 Bars, Pubs and Restaurants
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.
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