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This restaurant has been open for 20 years with the same owner. Last year’s gross sales was 1.28 million. Restaurant is on an end cap with great visibility approximately 3,800 square feet and seats 140 with patio. Rent is low at $7,450 monthly which is less than 7% of gross that includes cam garbage and water. Priced to sell fast at $345,000 with some financing to a qualified buyer.
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This restaurant did almost $1.2 million last year. The small restaurant has been at this location for over 20 years. Approximately 90% of the customers are regulars. No marketing or advertisements have been done in years. The owner is absentee and pays the current manager $65,000 a year. An owner operator can increase sales plus replace the current manager after a few weeks. Selling at 2 1/2 times the net. Location also has a patio with a low rent of $5,000 which is currently at 5% of the gross. The location also has a patio with a low rent of $5,000 which is currently at 5% of the gross. Priced to sell at $390,000 with some financing to a qualified buyer.
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This restaurant has been open for 13 years and is currently only open 6 days 30-35 hours weekly. Great opportunity to extend hours since they have a new license to sell wine and beer. A diamond in the rough!! This cafe is ready for someone to take it to the next level. The restaurant is 2,400 square feet with 90 seats and the rent is very low at $2,400 monthly which includes insurance taxes and CAM. Great business for an owner operator only asking $80,000 will sell quickly at this price. JUST REDUCED TO $57,000
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