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Profitable Restaurant & Lounge For Sale

Location  Pennsylvania,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $815000
Net Profit / Cash Flow  $250000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1933
Number of Employees  20 - 34
Inventory  $112500
Relocatable  No
Number of Employees  20 - 34
Real Estate  Owned
Training  Owner will stay for a reasonable transition and will possibly stay on in some capacity long term if a new owner wishes.
Reason for Sale  Retirement.
Description  This fabulous restaurant has been in business for nearly 80 years. They have been in the same location for that length of time as well with a total renovation of the property completed in 2005. This restaurant seats 152 and serves over 125 special events annually, such as birthdays, anniversaries, rehearsals, funerals and Christmas parties. Specialty holiday pies provide incremental income for the business. This restaurant is an ''icon'' in their community. Call today! This restaurant is professionally managed by an certified executive chef, aac. They offer incredible service and food and have a personnel of 12 in the back and 22 front of the house staff with long term middle management and floor associates. The establishment offers a certified nsf stainless kitchen and a 30'x40' prep kitchen. All major equipment is only 5 years old. There is substantial on-site storage and plenty of parking both off and on the street. For a lucky new owner, there is also rental income opportunity from the upstairs apartment available. You are crazy to pass on this one, call now! All major equipment is only 5 years old. Certified stainless steel kitchen. Everything is included in this turnkey operation. Expanding to Sunday hours and offering catering services would greatly enhance profits. Delicious food, atmosphere, tenure and customer service makes this local restaurant hands down the best in town over the competition. Property was remodeled 6 years ago and is in great condition with excellent visibility. There is an upstairs apartment which offers rental income opportunity for a new owner. The property includes a bar room, 2 dining areas, a waitress prep area & a kitchen with a prep room and walk-in cooler and freezer. Reduced Asking to $750,000 the property is included. The owner is willing to offer 10% financing. Contact for more information on this restaurant / lounge for sale.
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