Owner Financing is Available!
Business Overview:
Asset Sale of a well established Mediterranean restaurant in a great location on a main thoroughfare. This "mom and pop" restaurant can be easily converted to almost any concept including Mexican, Asian, Italian, buffet, wine bar, sports bar or even a casual burger joint. Liquor license currently in place. The current owners have been restaurateurs for many years and no longer have the desire to grow the business.
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:
Assets=$262,000
Market Competition and Expansion:
There are restaurants in the area.
Seller does no advertising or coupons, relying strictly on locals and repeat clientele. A new buyer could: (1) add cost effective local advertising to their monthly budget, (2) open for breakfast (3) promote an after work "Happy Hour" at the already established free Wi Fi equipped full service bar and (4) embrace technology by improving the restaurant website with updates and promote the web site with daily specials, etc. to keep it current. Big upside for an owner who enjoys the social aspect of the bar business and the creative process in the kitchen. There is potential to improve the party room, add catering and promote a "To Go" menu.
Reason for Selling:
Retirement
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.