• Listing ID: 1282659
  • (Seller ref: 75005)

Family Restaurant In The Heart Of Suburban Downtown For Sale


Location:
Category:
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Type:

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

No image available

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.


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

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)

For more information about this business for sale, click the Contact Seller button.


Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.

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