Owner Financing is Available!
Business Overview:
A qualified buyer could buy the business only and lease the real estate with a cash down payment as low as $185,000. The cash flow could cover the financing debt service with $161,000 left over for buyer salary, capital expenditures, and return on investment. A qualified buyer could buy the business and the real estate with a cash down payment as low as $430,000. The cash flow could cover the financing debt service with $214,000 left over for buyer salary, capital expenditures, and return on investment. Both of these scenarios are based on SBA(Small Business Administration) financing with the Seller assisting.Exceptional opportunity to step into a thriving, profitable, successful pub-restaurant that has seen steady growth right through the recent recession (2008-10). Sales are up again in 2011. Situated in a prime location, future growth prospects are even brighter. There is a strong management team and staff in place. A buyer could take a very hands-on role and reduce costs and increase profitability or continue to run as is and have a life outside of the business. This business provides an attractive, themed concept, great atmosphere, steady clientele, good food and an excellent staff. This is a chance to come in at the top as opposed to trying to turn-around an average or under-performing player.
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:
Facility is in excellent shape and has had several upgrades to increase capacity over the past several years. Another upgrade was just completed in 2011 and will contribute to sales growth starting in fall 2011. There is also additional space available in the existing structure that could be used for future growth.
Market Competition and Expansion:
This restaurant/pub is the top performer in its market area and is situated in a prime location with other venues that should contribute to continued growth. This business does relatively little advertising and attracts a steady clientele and has grown year over year.
Reason for Selling:
Want to focus on a 2nd business.
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: