Seller's Contact Information
- RE: Absentee Owned Full Service Restaurant For Sale
- Contact: Internet Processor
Quick Facts
| Asking Price: | $400,000 | |
| Annual Revenue: | $1,260,859 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $148,562 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 3 | |
| BBN Listing #: | SB-52051 | |
| Broker Reference #: | INDIAIN001-52051 |
Business Overview:
Are you looking for your next restaurant? Do you want extra income while maintaining your current job? Or are you the hands-on type looking to make a legacy legendary? Then this absentee owned full service restaurant is ideal for you! It has everything in place a new owner needs for success: management, staff, recent upgrades, house recipes, recurring business, and plenty of room to grow with state and national expansion opportunities.The restaurant offers a menu of customer favorites including:•Appetizers•Entrees•SandwichesUsing proprietary recipes and seasonings, menu items are made fresh daily. It also offers seasonal and kids menus. Customers can easily place their orders online for carryout convenience. Dining room seating is for 70 people. An additional 40 person room is used for events with in-house catering. There is ample parking in the paved lot. This popular full service restaurant draws customers from all over. Many come back on an annual basis. In fact, about 66% of business comes from repeat customers. Besides word of mouth and rave reviews on sites like Yelp and Trip Advisor, the owners advertise on local radio. However, most new customers come in as a result of passing by the restaurant. Between 6,000 to 9,000 vehicles pass by on a daily basis. This number increase with summer and holiday travels. It also draws in locals because it is close to shopping, dining, and entertainment. Currently absentee run, management and staff are in place and handling the day-to-day operations. With high volume sales and poised for future growth, this an opportunity you don’t want to miss out on! Investment Considerations: •Popular Business•Absentee Owned•Management & Staff In Place•Offers Dine In, Carry Out & Catering•Seats 110 Plus •Recently Updated Equipment & Systems•High Visibility in Busy Location•Strong Repeat Business•Growth Opportunities Available•High Sales Volume•Seller Willing to Carry $100K Contract
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Property Features and Assets:
The seller leases the 2,600 SF facility. It has seating for 70, plus an 40-person event room. A drive-thru was added during the pandemic.
Market Competition and Expansion:
There is minimal competition, most of which comes from fast food places in the community.
Reason for Selling:
The Seller is retiring.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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