Business for Sale Overview:
This landmark restaurant and bar has been operating for close to 100 years in downtown Auburn. The current owners are absentee and have decided to sell to pursue other interests. While the economy did reduce sales some last year, business seems to be back on track and grossed over $1,000,000 in 2007. The business location is excellent, near Highway 18 and the train station. It is surrounded by other successful businesses and near the construction of a new medical facility. The building consists of approximately 7,200 square feet which includes a full service restaurant seating 80, a banquet room seating 40, and a full bar with pool table, pull tabs, darts, video games, flat screen TV’s, and seats 75. Additional outdoor seating is available in the summer. The large kitchen has two hoods, walk-in cooler and freezer and could easily accommodate adding some off premise catering. Public parking is abundant and surrounds the business. The property and building are owned by the seller and are also available for purchase. Seller is in process of replacing the four HVAC units on the roof and has been diligent in the maintenance of the building. Included with the property is a 1,200 square feet two bedroom apartment located above the restaurant that is currently sublet month to month. It could be occupied by the owner/operator or continued to be sublet to reduce the rent. This centrally located establishment is where people in Auburn can enjoy three meals a day, relax with friends after work or on the weekends, and have a business or church breakfast, lunch, or dinner. It is a very profitable business that is the foundation of downtown.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
This landmark restaurant and bar has been operating for close to 100 years in downtown Auburn. The building consists of approximately 7,200 square feet which includes a full service restaurant seating 80, a banquet room seating 40, and a full bar with pool table, pull tabs, darts, video games, flat screen TV’s, and seats 75. Additional outdoor seating is available in the summer. The large kitchen has two hoods, walk-in cooler and freezer and could easily accommodate adding some off premise catering. Public parking is abundant and surrounds the business.
Market Competition and Expansion:
The business location is excellent, near Highway 18 and the train station. It is surrounded by other successful businesses and near the construction of a new medical facility. This centrally located establishment is where people in Auburn can enjoy three meals a day, relax with friends after work or on the weekends, and have a business or church breakfast, lunch, or dinner. It is a very profitable business that is the foundation of downtown.
Reason for Selling:
other interests
Additional Details:
- The property is leased.
- 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.