Restaurants / Steak Restaurant, Restaurants / Seafood Restaurant; Liquor Related Biz / Bar/Restaurant
Newly remodeled Steak Restaurant & Bar + Real Estate for Sale on major hwy. 1 acre. 6000 sq. ft., 160 seats, 4 COP, 35 employees, 12 yr. business, 70 parking spots + overflow, 2 managers, owner works 15 to 20 hrs./wk. The '18 tax return artificially low because of fire & remodel in early '18, & closed for 4 months. Owner added $400K in renovations which then added additional $30K sales per month onward. $580K average adjusted Net is fairly solid after remodel. Tax returns, clean new facility. Property value over $1M. SBA debt service less than rent would be. Could add breakfast or increase hours open. Price has been reduced to sell. Local customer base staying loyal & continue to frequent during COVID.