Full Service Restaurant with Real Estate

  • Listing# : 5996
  • Listed Price : $600,000
  • Total Sales : $730,000
  • SIC :
  • Down Payment : $180,000
  • Status : Closed
  • Discretionary Earnings : $90,000

Business Type :

Restaurants / American Restaurant

Business Description :

Full service restaurant with a full liquor license. Diner type menu. Three meal a day operation with breakfast and dinner being the strongest meals. Facility could easily be converted to more of a sports bar, increasing the beverage component. Solid, loyal customer base, but a somewhat older clientele. Located on a main road across from a lake. Facility looks somewhat dated and in need of a spruce up, although renovation was done in 2006. ASSESSED VALUE OF THE REAL ESTATE ($611K) IS LESS THAN THE ASKING PRICE OF THE BUSINESS PLUS THE REAL ESTATE.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl : No
    • Real Estate $500,000
    • Incl : No
    • Inventory $0
    • Incl : Yes
    • Liabilities $0
    • Incl : No
    • FF&E $50,000
    • Incl : Yes
    • Other: $0
    • Incl : No
    • Leasehold $50,000
    • Incl : Yes
    • Total Assets $100,000
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Restaurants