Savory Steak & Fresh Seafood Restaurant

Business
  • Listing# : 14604
  • Listed Price : $2,200,000
  • Total Sales : $2,353,211
  • SIC : 5812
  • Down Payment : $330,000
  • Status : Active
  • Discretionary Earnings : $597,871

Business Type :

Restaurants / Steak Restaurant, Restaurants / Seafood Restaurant; Liquor Related Biz / Bar/Restaurant

Business Description :

Newly remodeled Steak Restaurant & Bar + Real Estate for Sale on major highway. 6000 sq. ft., 160 seats, 4 COP, 35 employees, 12 yr. business, 70 parking spots + overflow, 1 acre, 2 managers, owner only works 20 hrs./wk. Closed for 3 months in 1st Q. of 2018 for $400K in renovations. Building upgrades now driving $30K more sales per month than in 2017. Clean books, clean new facility. Could add breakfast or increase hours open. R/E appraised @ 1.1M. Business asking 2X adjusted net. 1.1 + 1.1 = 2.2 price.






Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $1,100,000
    • Incl : Yes
    • Inventory $10,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $175,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $450,000
    • Incl : Yes
    • Total Assets $1,735,000
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Restaurants, Liquor Related Biz