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Business for Sale Overview:

Smith’s Restaurant opened in 1934 at its present location, 1402 Cedar Avenue, Scranton, PA. It is currently the oldest business in the City of Scranton continuously owned by the same family. The restaurant serves breakfast and lunch Monday through Saturday. Smith’s does on premise catering of funeral breakfasts, communion luncheons, and business meetings. The restaurant seats 30 in the diner section, 30 in the small dining room, and up to 100 in the large dining room. The entire seating capacity is 160. A restaurant liquor license for the location is currently available. The restaurant does not serve alcoholic beverages at this time.

Property Features and Assets:

The building is 3,834 square feet and has paved off-street parking. The lot size is 118 feet x 150 feet. Real Estate taxes total $10,623. An appraisal of the building, excluding contents, performed in October 2007 totaled $392,000. Both the roof and the wiring have been updated within the last 3 years.

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.