Owner Financing is Available!
Business Overview:
Fully equipped full service restaurant serving breakfast, lunch and dinner. Hours are 6am-9pm seven days a week. It has a #12 liquor license which allows for serving of beer, wine and liquor. There are two large dining rooms and a separate cocktail lounge. Seller is asking $300,000 as a purchase rice with $150,000 as a down payment. Seller will carry the balance of $150,000 at $2899.94 or more per month amortized over 5 years including 6% interest. Seller will discount purchase price to $250,000 for cash out. The seller owns approximately 50% of the equipment valued at $50,000. Landlord owns the other 50% of equipment and in the lease allows the use of it by the restaurant owner. The gross sales and cash flow are annualized based of the last four month of 2011. Financial information was provided by the seller and not verified by the broker. Motel, businesses, and residential are nearby the restaurant. Good location.
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:
4,100 sq. ft.. Rent is $5900 a month and lease expires 7/31/16. There are two 5 year options.
Reason for Selling:
Too far to commute. Owner lives in Phoenix Area.
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.
Resources: