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Restaurant For Sale / Lease, Bargain For Investor
Location Arkansas,United States
Asking Price Range < $250K
Gross Revenues $450000
Net Profit / Cash Flow $53000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1999
Number of Employees 10 - 19
Inventory 150000
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Free for the first month.
Reason for Sale Retail.
Description This Dreamed Restaurant is, the only restaurant that can sell alcohol in our county. (Which is a Dry County) It located at a small town next to three major Hwy, beside travelers from the Hwy; it has a customer's base over 50 Miles. Property consists of a 7,333 SF full service restaurant. Public part of building consists of 4,555 SF, entry hall with 378 SF. Dining Capacity of 214 persons. 2,400 SF comprises server areas and kitchen and storage.
This restaurant for sale has great reputation for excellent food and service. Local civic clubs, like Lion, and Rotary AARP all meet here regularly. You can follow the turkey operation or you can created you own theme; Mexican, Italian, Steak House etc, etc. We located in White County at the centre of Arkansas and the Natural Gas Companies just start drilling and producing Natural Gas in this area known as the Fayetteville Shale Play. Potential for growth is enormous.
You can buy the business for $150,000 which included all the equipment and furniture and alcohol License with a 5 years leasing of $4,300/month. If you want to buy the whole thing, the Real Estate and Building was appreciated for $600,000 at 2005. I will sell it way below the appraisal value. This is a wonderful opportunity for investor too. This restaurant is running in excellence condition, after years of working and my kids are all grown-up and I just has my first Grand baby. I want to slow down and take time to smell the rose and most of all me and my wife want to spend more time with our grand baby.
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