Business For Sale

Restaurant/Bar - Established Landmark!

Elkland, PA
Tioga County


Asking Price: Annual Revenue:
$549,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots


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RE: Restaurant/Bar - Established Landmark! Broker: Thomas Saveri
License #: RB066955

Quick Facts

Asking Price: $549,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $200,000
Year Established: 1957
Employees: 5
BBN Listing #: 356054144
Broker Reference #: MLS 130878

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Business Overview:

The well kept books justify the price and will be shared with a proven qualified buyer! This landmark of the northern tier, The Bum Steer, is available for the first time in over 18 years. If you always wanted to have a business and be your own boss, this is the one to seriously consider. Including the liquor license, this commercial opportunity has a 1-2 bedroom apartment with separate utils that one of the previous owners lived in. Features a full new (2015), completely rebuilt kitchen, many other updates (new furnace 1/18, plumbing, etc.), a great dining room with a 20 foot bar, and all restaurant equipment included, except for limited leased equipment. (Some signs and mirrors retained by owner). New walk-through refrigerator to a walk-in freezer 2018. New windows through out. Central air for the commercial portion of the business.

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Property Features and Assets:

Bar/Restaurant with apartment located on .16 acres in town, the business has an excellent location. Built in 1901, the building has 3100 sq ft resting on a concrete block/laid stone foundation. Well maintained! All equipment included at listing price (some personal property excluded).

Market Competition and Expansion:

This asset has not needed to advertise - EVER. Food has the best reputation and the business has been steadily successful. No real competition in the same nitch in this small town.

Reason for Selling:

Retiring

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.

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