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Friendly Family Restaurant
Location Kentucky,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $990000
Net Profit / Cash Flow $160000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1999
Number of Employees 20 - 34
Inventory 230000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training As needed, if paid a reasonable salary.
Reason for Sale Seller is over 65 and wishes to retire.
Description Friendly Family Restaurant - This Western Kentucky family restaurant could be replicated across Kentucky and across the nation, as they do so many things right. They serve steaks, seafood, etc. as well as home cooked-style meals in a friendly environment. Thus, the menu is sufficiently varied that there is typically something for everyone in the family or group, even if their tastes are not very similar. The restaurant also periodically varies the offering with, for example, a Tex-Mex day or an Italian food weekend. They have thrived for years on repeat business from the county they serve and beyond, demonstrating the success of their business model. In addition, the opportunity exists to significantly increase their profits by instituting one or both of two straightforward changes. They estimate that profits could be increased at least 25 percent or more by serving meals on Sunday. They also estimate that profits could be increased an additional 20% or more by serving alcoholic beverages. It is also very possible that sales could be increased via additional advertising, as advertising expenditures have been fairly minimal in recent years.
Furniture, Fixtures, & Equipment: $ 225,000
Vehicles and / or rolling stock: $ -0-
Inventory: $ 5,000
Accounts Receivable (if included): $ -0-
Land and Building (if included): $ 750,000
Other Assets: $ -0-
Current Liabilities to be assumed: $ -0-
Current Notes to be assumed $ -0-
Asking Price: $ 1,200,000
Down Payment: $ 180,000
Annual Sales Volume: $ 990,000
Cash Flow: $ 160,000
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