Restaurant And Sports Center
Location Philippines
Asking Price Range < $250K
Gross Revenues $500000
Net Profit / Cash Flow $180000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1996
Number of Employees 20 - 34
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training Available if necessary
Reason for Sale Health, retirement and partner problem (bought out)
Description Restaurant and Sports Bar with Swimming Pool and tennis courts in upmarket area of Cebu City with very open and green ambiance. Function capacity of up to 200 pax. Has a clubhouse with games room for 40-50 pax. covered open air restaurant seating in a garden environment for 150 more plus 50 poolside seats and a bar for 15+ stools
Company has lease rights for 5+ more years. Recently renovated and improved but needs some more capital ( USD 20K) for further improvements which can be generated from cash flow.
Asking Price USD 245,000, giving buyer guaranteed no past liabilities
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