Summary
- Asking price including real property:
- $500k - $1m (Furniture / Fixtures included)
- Lease asking price:
- $100,000 (Furniture / Fixtures included)
- Sales revenue:
- 0 - $500k
- Cash flow:
- 0 - $250k
- Years established:
- 1945
- Employees:
- 15 pt/4 FT
Business description
64 year old family owned restaurant serving excellent family food. Well respected in the community with loyal and dedicated patrons. There are no other family style restaurants in the downtown area so this serves a community need.
Property information
- Real Estate:
- Real Property Included
- Leasehold rent:
- $3,500 per annum
- Location:
- TIF area with great programs for updating building exteriors, etc. Also retail incentives offered by the city. Ample parking in a downtown location.
- Premises details:
- Well maintained space with huge parking lot. Almost 40,000 sq ft. Nearby businesses include post office, village hall and various successful businesses.
- Size in square feet:
- 4,198
Other information
- Competition / Market:
- This is the only family type restaurant in the downtown area.
- Support & training:
- Will provide necessary training and support. Current staff would like to stay.
- Reasons for selling:
- Retirement
- Financing available:
- Owner will consider partial
- Furniture / Fixtures value:
- $225,000 (included in the asking price)
Contact the seller
For more information about this business for sale, click the Contact Seller button.
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