Owner Financing is Available!
Business Overview:
Friendly Family Restaurant – This Western Kentucky family restaurant could be replicated across Kentucky and across the nation, as they do so many things right. They serve steaks, seafood, etc. as well as home cooked-style meals in a friendly environment. Thus, the menu is sufficiently varied that there is typically something for everyone in the family or group, even if their tastes are not very similar. The restaurant also periodically varies the offering with, for example, a Tex-Mex day or an Italian food weekend. They have thrived for years on repeat business from the county they serve and beyond, demonstrating the success of their business model. In addition, the opportunity exists to significantly increase their profits by instituting one or both of two straightforward changes. They estimate that profits could be increased at least 25 percent or more by serving meals on Sunday. They also estimate that profits could be increased an additional 20% or more by serving alcoholic beverages. It is also very possible that sales could be increased via additional advertising, as advertising expenditures have been fairly minimal in recent years.
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:
6,000 sq. ft. fairly new restaurant on 0.7 acres. Furniture, Fixtures, & Equipment: $ 225,000. Vehicles and / or rolling stock: $ -0-. Inventory: $ 5,000. Accounts Receivable (if included): $ -0-. Land and Building (if included): $ 750,000. Other Assets: $ -0-. Current Liabilities to be assumed: $ -0-. Current Notes to be assumed $ -0-.
Asking Price: $ 1,200,000. Down Payment: $ 180,000. Annual Sales Volume: $ 1,050,000. Cash Flow: $ 160,000.
Market Competition and Expansion:
This restaurant is the only family restaurant and the only steak and seafood restaurant in the area. It could easily be replicated in other cities, where it would also be successful.
Reason for Selling:
Seller is over 65 and seeks to retire.
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 a franchise resale opportunity.
Resources: