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  • RE:  NEW PRICE.Turnkey Spotless Restaurant With License
  • Contact:  Mike McCarthy

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:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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