Owner Financing is Available!
Business Overview:
The restaurant offers an extensive menu, full bar and liquor license. The business is supported by a captive customer base comprised of local residents and a lunch crowd from nearby businesses. Convenience, good food and friendly service make it an easy decision. The business has growth potential. The restaurant is currently closed on Saturdays and Sundays. Opening on the weekend would certainly provide higher cash flow. In addition, developing the outdoor seating even more would attract customers during the warmer months. Real estate is for sale under a separate listing (Coakley Real Estate). Seller is willing to sell or lease the property. Please do not question the current employees.
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:
Close to affluent communities and major nearby commercial clusters. The 2,450 sq. ft. facility on nearly 1 acre of land contains a large serving area, seating area, bar and patio.
Market Competition and Expansion:
Competition: Competition is limited in the area for an establishment which offers; lunch, dinner, entertainment and a full bar. The outdoor patio and location on a corner acre lot truly make this establishment different than the competition. The business is located in an up and coming area with entertainment and ever increasing foot traffic.
Growth and Expansion: Current owner has operated this profitable business for 15 years. A buyer could take advantage of the solid base of customers and continue to grow the business. The business has begun to see the benefits of the development of the surrounding area. This development trend will continue in the upcoming years.
Reason for Selling:
Divesting.
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.
Resources: