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Asking Price:	$7,100,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling:	Lifestyle change
Year Established:	1983
# of Employees:	230
Yearly Revenues:	$12,506,000
Yearly Cash Flow:	$1,664,000

Business for Sale Overview:

2007 was a banner year for these well established family restaurants with revenues up nearly $1 million. This year promises to be the same, with only a modest price increase mid-year. These restaurants are ranked number one year after year by their patrons for consistent service and food quality. The loyal local clientele plus the robust tourist traffic confirms the people’s choice awards from the local media as well as a national magazine. The popularity of these establishments is evidenced by the frequent long waits at lunch and dinner. A full service bar, souvenir & adjacent shopping area, playgrounds and live entertainment are available to compliment the diner's enjoyment. SIC 5812-08

Property Features and Assets:

The income producing real estate is not included in the asking price, but is available as a seperate sale. It's best to contact the broker for ideas on how that might work. Combined seating in the combined 17,000sf waterfront facilities is near 600. Kitchens are in mint condition, a private room available for special events. Well trained management is in place along with a loyal staff that is well known for its award winning customer service.

Market Competition and Expansion:

These restaurants are ranked number one year after year by their patrons for consistent service and food quality. The popularity of these establishments is made known by the frequent long waits at lunch and dinner. A full service bar, shopping area, playgrounds and live entertainment is available for the diner's enjoyment. Expansion limited only by imagination... expanded retail gifts, branded food products and souvenirs, to name a few. A proven platform for additional locations.

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.