Business Summary

Asking Price: $250,000
Gross Income: $780,000
Cash Flow: $174,200
EBITDA: N/A
FF&E: $150,000
Inventory: $4,000
Real Estate: N/A
Established: N/A
Employees: 3 kitchen...

Business Description

Chic and profitable continental 60 seat restaurant with full bar. Gross over $750,000 this turn-key restaurant has a fine reputation for excellent food and service. Current owner has over 25 years in the industry and created this fine establishment over 7 years ago. Great opportunity to take over a profitable and busy restaurant which offers take-out service, in-house and off-premise catering and private parties. A sample of their menu offerings include cranberry chicken walnut wrap , seafood risotto, crab & lobster Ravioli , almond crusted tilapia, filet Mignon and fried cheese ravioli. Lunches range in price from $9 to $15 and dinner portions range from $17 to $25. Option to expand into next door space. Highly visible shopping center on main road. Full liquor license in place. 2,400 sf space with favorable lease. SELLER FINANCING AVAIL WITH 1/2 DOWN.

Detailed Information

Inventory: Included in asking price

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: Full liquor license in place. Offers take-out service, in-house and off-premise catering and private parties.

Competition: 7 days, lunch & dinner, Sunday dinner. Located in a highly visible shopping center - 2,400 sf of space - 50 Seats - 12 @ bar, few outside.

Growth & Expansion: Option to expand into next door space.

Financing: 125,000 down

Reason for Selling: Retirement

Property Details