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Restaurant Lounge & Property
Location Pennsylvania,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1400000
Net Profit / Cash Flow $250000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1975
Number of Employees 20 - 34
Inventory 475000 Equipment & 4000 Inventory
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training The owner will remain post closing for 45 days to supply a transitional period.
Reason for Sale The owner is retiring after many years of success in this food industry.
Description Beautiful restaurant which includes a banquet room for one hundred patrons, lounge nightclub with live entertainment and pizzeria all under one roof. The facility was fully upgraded a few years ago into a stunning restaurant with various venues. The facility consists of 9,000 square feet as a free standing building with a customer capacity for two hundred & seventy five. This high volume business is located in a wonderful area of Delaware County, Pennsylvania. The business is a well known as a destination location with excellent food / drink and entertainment which includes music and comedy shows. The business has an average yearly income of $1.4 million dollars and a substantial net income to the owner operator. The sale includes a valuable consumption liquor license, multiple kitchens, refrigeration / freezer units, POS & accounting systems including various equipment required for this particular food industry. Based on the asking price, required down payment and net income this business should supply a 10% return to the owner operator prior to debt service. The seller is retiring after many successful years in the food service industry and will remain post closing to supply an appropriate transitional period to the purchaser. This is a dependable business and an excellent opportunity.
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