This is a great opportunity to own a restaurant that has been increasing sales for the past 3 years. The sales for 2017 were $1,233,633.75 with a cash flow of $295,864.75! The restaurant is kept very clean and ran efficiently. The current terms on the lease expire January 1st 2019, but there are five 5 year extensions. All equipment and fixtures are in great working condition. Seller's relocation is the reason for selling this great business.
Cash Flow: $295,865
Gross Revenue: $1,233,664
Inventory: $15,000 (not included in asking price)
Lease Rate: $6,000 / Month
Inventory: Not included in asking price
Real Estate: Leased
Building SF: 4,000
Lease Expiration: 1/1/2019
Furniture, Fixtures & Equipment (FF&E): Included in asking price
Facilities: Very clean and efficient restaurant in a free standing building with plenty of parking.
Competition: Restaurants always have competition, but this restaurant has been around for 25 years and has increased sales for the past 3 years.
Growth & Expansion: There is room for immediate growth with the dinner business. Current owner is mainly focused on breakfast and lunch.
Financing: CASH ONLY
Support & Training: Seller will train new owners for 2 weeks at no additional charge.
Reason for Selling: Family Relocation