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- RE: Long Est Successful Restaurant & Lounge With RE
- Contact: Tom O'Brien
Quick Facts
Asking Price: | $2,450,000 | |
Annual Revenue: | $2,124,440 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $315,759 | |
Total Debt: | Not Disclosed | |
FF&E: | $200,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1970 | |
Employees: | Not Disclosed | |
BBN Listing #: | 991389 | |
Broker Reference #: | Not Disclosed |
Business Overview:
Established restaurant and lounge with real property boasting decades of robust sales and profitability. The fully managed business draws from the high density of surrounding locals and business patrons with its popular American comfort cuisine and excellent service. Revenue is driven by three primary streams: food sales, alcohol sales (beer, wine, liquor), and pull-tab games. The free-standing facility is meticulously maintained with no deferred maintenance and offers ample onsite parking.
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Property Features and Assets:
Premise Size is 5,489 sf plus 625 sf rental with seating in Dining 54, Private 50, Lounge 54
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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