Business for Sale Overview:
This business has been a family owned operation since the 1960's. It has been in the same family for 40 years. Premises:The building occupies 3887 sq. ft.. They have seating for 135 and have parking for 75 cars. Employees: There are 26 employees, 19 part time and 6 full time. ( 5 ) Cooks, ( 5 ) Dishwashers, ( 4 ) bus persons, ( 9 ) Waitresses, ( 3 ) Cashiers. The selling price for this business with real estate is $535,000.00. The business can be purchased by itself for $200,000. Bank financing is available for someone who has a credit score of 720+ and $100,000 down plus the cost of the inventory, for both the business and real estate, or $50,000 down plus the cost of the inventory for the business only.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The building occupies 3,887 square feet. They have seating for 135. There is a small parking area in front of the building; the majority of the parking is in the rear. There is a very large lot in the back. Total parking is over 75 plus cars. The lot size is .66 acres. The annual real estate tax is $9,397.40.
Market Competition and Expansion:
This business is located in a business district surrounded by many homes. When they were open 7 days a week they gross was over $1MM a year. for a time they closed 2 days a week and now it is only closed 1 day a week on Sunday. That used to be their best day.
A new owner should be open 7 days.
Reason for Selling:
Retiring
Additional Details:
- The property is owned.
- 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.