Well Established Casual Restaurant

Business
  • Listing# : 13119
  • Listed Price : $225,000
  • Total Sales : $899,695
  • SIC : 5812
  • Down Payment : $225,000
  • Status : Active
  • Discretionary Earnings : $205,726

Business Type :

Restaurants / American Restaurant

Business Description :

This well established, family oriented casual restaurant continues their tradition of maintaining a strong customer base with a very positive growth trajectory. Well positioned geographically the facility has a strong reputation and a great image in the community they serve.  And they have been serving that customer base over 15 years and continue to perform even in these challenging times. Operating in 5,000 square feet the restaurant has an exquisite menu with something for everyone. A sports bar, entertainment venue, and finely prepared food has kept customers coming back over 15 years. The same owners are in place since inception and they continue to perfect their winning formula. They started this facility with the desire to offer up a casual atmosphere and a place to relax and meet with family and friends and at the same time have the opportunity to enjoy meal preparation that regulars will say is second to none. One clear measure of success in this business category is a review of financial performance. Since inception the restaurant has enjoyed sustained incremental growth, achieving a Gross Revenue of $845,000 in 2018 and accelerating to $899,000 in 2019. The business performance is grounded in practicality and well prepared food made from quality ingredients served in a pleasing and comfortable atmosphere by a wait staff aiming to please. Couple that with entertainment, a stand alone billiard room, activities, and a surround of televisions with well prepared food. These owners have created a desirable atmosphere with well prepared dishes that keeps customers coming back.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $7,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $75,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $82,000
    • Incl : Yes

Lender Prequalified: No

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