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Restaurant Bar & Catering Turn Key Business For Sale

Details: Asking price:$220,000; Sales revenue:$500k < 1m; Net profit:< $250k; Fixtures value:$150,000; Inventory value:$10,000

Business description: Casual Dining, Turn-key, Full Liquor License, Catering, Fully-Fire Compliant, Long-term lease, option to purchase real estate, 120 seats

General information: Years established:4; Employees: 10; Trading hours: 11 am to 10 pm, bar to 1am; Real Estate: Lease; Lease terms:33,000 per year, NNN; Living accomodation:There is a beautiful two bedroom apartment located above restaurant. The apartment is not included in lease but option to purchase building is available.; Location:Prime Street Location in the center of Town, adjacent to high school. Off-street parking lot included; Expansion potential:Off-site catering is unlimited potential. Big kitchen, easy-access to load catering vans (no interference with dining room). Easy access to highways. Several wineries and other scenic venues (overlooking oceans, yacht clubs, beach pavillions) are within short drive and will assist in getting on preferred caterers list.; Competition / Market:Several mid-priced restaurants in town, the bar location and great big windows overlooking the outside street is beautiful and sets this location apart. Completely renovated in 2004-05. Business is turn-key.; Support & training:owners will stay on for 90 day transition period; Reasons for selling:owners are switching careers for health reasons