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Business For Sale
STEAKHOUSE & NEIGHBORHOOD PUB
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Asking Price: |
$190,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Absentee Ownership |
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Year Established:
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2004 |
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# of Employees:
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3 Full Time / 17 Part Time |
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Yearly Revenues:
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$624,000 |
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Yearly Cash Flow:
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$86,000 |
Business for Sale Overview:
Popular College Town Pub & Steakhouse. This place has been the place to go, both for locals and college students. Whether you want a great meal at an affordable price or to just go and have a beer in the pub, this is the place to go in town.
Besides the current owner(s), there are 3 full-time and 17 part-time employees. With exception of the current executive management, it is not anticipated that there will be any employee turnover resulting from the sale.
The real estate is owned by the seller of the business. There are approximately .3 acres of land. The building is 6,500 square feet not including the basement. The seller wants to sell the real estate at fair market value (valued at $400,000).
The equipment is in good condition. A detailed schedule of assets to be included in the sale is available upon request.
The seller wants to reduce his exposure and consolidate into a larger investment. The seller is willing to train and transition the Purchaser for a mutually agreeable period immediately following closing to ensure a smooth and seamless transition.
Property Features and Assets:
6,500 square feet building available for lease or purchase.
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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