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Well Established Unique Family Restaurant
Location New York,United States
Asking Price Range < $250K
Gross Revenues $495000
Net Profit / Cash Flow $100475
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1940
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training 2 weeks training at no cost.
Reason for Sale Too long of a commute.
Description A family favorite for 70 years, the current owner has been here for 11 1/2 and is ready to retire. A unique concept serving breakfast, lunch and dinner 7 days a week. They are well known with a great reputation throughout the community for the home made food they serve and there is room to grow this business. The occupancy is 134 but the current layout is only 96 seats. Vending adds another $200/month income. There is a kitchen and a full basement. By updating the menu to more current dining trends this business could take off. Owner says land lord is easy to work with.
FACILITIES:
Located on an Extremely Busy Main Road in town and sandwiched between 2 other Very Busy Main Roads with Numerous Local business and a Supermarket close by.
Clean 2,900 square feet plus basement in Commercial Strip
Owner has made Many Improvements, including all new cues and racks, recovered 16 tables 12 ft Russian table, added new games, the ping pong table is top quality ! Adding a full bar and small kitchen!
Lease: $6,200/month - expires 6/30/2030
MARKET SHARE or COMPETITION:
An Excellent Reputation that Can't be Beat! Well Known With A Great Reputation Throughout The Community For The Home Made Food They Serve
Very Well Established (70 years) with Numerous Regulars, they are the talk of the town.
Even in today's Economic times, the business has shown a STEADY STREAM OF CUSTOMERS !
GROWTH POTENTIAL:
Limitless and Outstanding opportunities for growth!
By updating the menu to more current dining trends this business could take off
A Website which can produce Take-out orders as well as Additional Advertising And Marketing With Incentives Can Take This Store To The Next Level.
ASKING: $130,000 Owner will Hold Note: $61,000 for 48 months at 4%. Contact for more information on this Restaurant for sale.
Click Here To Contact Seller
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