Family Style Restaurant

Business
  • Listing# : 12697
  • Listed Price : $999,900
  • Total Sales : $1,045,227
  • SIC : 5812
  • Down Payment : $250,000
  • Status : Closed
  • Discretionary Earnings : $305,079

Business Type :

Restaurants / Family Style

Business Description :

Longest established home-style family restaurant in town, located in nice historic district. Mostly absentee run. Buyer could replace one of three managers for additional $30K add-back. Seats 140. Solid tax returns & track record. Price includes building, parking lot and business. Very solid staff in place for many years. Turn-key --- don't mess up the formula. Loyal clientele over decades frequent this diner. Lender pre-qualified. Low down payment for experienced restaurant operators with decent credit.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $350,000
    • Incl : Yes
    • Inventory $7,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $80,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $437,000
    • Incl : Yes

Lender Prequalified: Yes

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