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Popular, Profitable Family Restaurant For Sale
Location Wisconsin,United States
Asking Price Range $500K - $1.0M
Gross Revenues $485701
Net Profit / Cash Flow $145844
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1956
Number of Employees 10 - 19
Inventory $213500
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Owner will train the buyer for 4 weeks at no cost.
Reason for Sale Other business interests, health related.
Description This listing is for a well-established and profitable restaurant located in southeast Wisconsin that is available to a qualified buyer. This establishment is a family friendly sports bar type eatery. Due to the sellerrs health, he is now disabled and will be moving out of state so he MUST SELL. The interior of the restaurant has recently been remodeled and a new owner could take over immediately. This is a great opportunity for a family venture as he (the owner) has been able to support his family WELL over the years. The menu offers a large array of traditional American, southwest and Mexican fare and some house specialties at affordable prices. The restaurant seats around 160 guests with additional space for about 30 at the bar. They boast a large and loyal base of customers as well making it a highly profitable business for the owner. This business offers a new buyer a six-figure yearly income with over $800,000 in assets to be transferred with the sale of the business which includes the real estate that is valued at approximately $650,000. If a buyer so chooses, he/she can assume the mortgage with a $220,000 down payment. As of 9/2011, the mortgage balance is $320,000. If you would like more information about this business opportunity, or if you would like to schedule a site visit, please contact the agent either by phone (770-886-5100) or by email. Asking Price: $625,000
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