Owner Financing is Available!
Business Overview:
Long time owners are retiring and selling the business which has supported 4 families for more than 30 years. The 5,300 square feet restaurant and bar offers a total of 160 seats in the dining rooms, including a private party room, plus 14 stools at the bar and an additional 24 seats in the separate pub room. The large private parking lot has 85 parking spaces and the building is located on direct road frontage with high visibility. The owners also own the real estate and are offer a new long term lease at a realistic rental rate of $16 per square feet and will even pay 50% of the real estate taxes, which is rare in commercial real estate leases. Additionally, if there are any upgrades required by the health and fire departments in the large kitchen, the owners will cover the cost. Currently grossing approximately $850,000 annually, which is well below its true potential and its past gross sales, this is a prime opportunity for new ownership to bring in their abilities and concept and capitalize on a proven successful location. This building and location is suitable for any restaurant/bar concept. Asking $295,000 and owners will offer financing to all qualified buyers.
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.
Reason for Selling:
Long time owners 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.
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