Restaurant for Sale Erie County, PA 31377

Not Disclosed, NY
Erie County

Asking Price: Annual Revenue:
$350,000 $232,524

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Restaurant for Sale Erie County, PA 31377 Broker: Randy DeLoia
Owner Financing is Available!
$350,000.00 Down & TBD

Quick Facts

Asking Price: $350,000
Annual Revenue: $232,524
Net Profit: Not Disclosed
Cash Flow: $85,000
Total Debt: Not Disclosed
FF&E: $90,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 5
BBN Listing #: 59294447
Broker Reference #: 31377

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Business Overview:

Profitable turnkey business opportunity available. Well established Erie, PA family diner is for sale. The restaurant has witnessed nearly a century or Erie history all while being a strong presence in the community. Customers seek this restaurant for their acclaimed signature dishes and use of high quality ingredients and outstanding customer service. Extremely popular destination point and has a significant social media presence (4.8/5 rating on Facebook, 4.7/5 on Google, 4.5/5 on Yelp and 5/5 Trip Advisor). This opportunity is perfect for an owner to step in to a turnkey operation at this 1,000 Square foot facility, long term lease in place. Current owners have owned the business for over 48 years and are retiring. Business has documentable and consistent growth with future growth plan in place. Simple transition to new owner with negotiated training period. We want new owners to be successful and keep the business open for another 48 years. Business operations are five (5) days per week and closed two (2) weeks every year for vacation and maintenance. The business has 3 fulltime employees and 2 part time employees. Because of the strict confidential nature of this business being for sale, potential buyers will need to sign a confidentiality agreement and also provide financial disclosure that proves the ability to secure financing.

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Additional Details:

  • The property is owned.
  • The owner is not 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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