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Quick Facts
Asking Price: | $295,500 | |
Annual Revenue: | $152,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | $250,000 | |
Year Established: | 2007 | |
Employees: | Not Disclosed | |
BBN Listing #: | 348955294 | |
Broker Reference #: | Not Disclosed |
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Business Overview:
Value-priced turnkey restaurant and full bar with PLCB license with spotless record. Best prime rib around. Ideal for a chef/owner who wants to RUN a restaurant, not maintain one. This hundred year-old restaurant was COMPLETELY redone (all new equipment, furnishings, etc.) in 2009 over $400,000 invested. Two apartments with separate entrances and utilities could supplement income or provide lodging for owners and/or staff. Two newer outbuildings--12x24 garage and 18x28 enclosed carport. Loads of parking. Seats 52 plus 12 at the bar.
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Property Features and Assets:
This hundred year-old restaurant was COMPLETELY redone (all new equipment, furnishings, etc.) in 2009 over $400,000 invested. Seats 52 & 12 at the bar. Two apartments with separate entrances and utilities could supplement income. Approximately 3/4 acre includes ample parking. Area poised for significant growth with construction of a major medical facility to complete in 2019. Includes liquor license.
Market Competition and Expansion:
Hours can be extended at no additional capital cost. As stated, the immediate area is poised for significant growth with construction of a major medical facility to complete in 2019 and associated residential development.
Reason for Selling:
Retirement
Additional Details:
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