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German Restaurant for Sale

Details: Asking price:$55,000; Sales revenue:< $500k; Net profit:< $250k; Fixtures value:$40,000; Inventory value:$2,000

Business description: Well-established restaurant right across from a Hampton Inn and Holiday Inn Express Hotel in a nice Shopping area with lots of parking, built in 2003. Only German Restaurant in Enterprise with original recipes from German owners. Only outside Beergarden in town, license to serve beer outside, off-premise selling as well. Many customers from Fort Rucker and military retirees familiar with German food as well as local customers. More than 200 customer e-mail addresses for Newsletters, Specials etc. Current health rating never less than 99 or 98. Awarded Chamber business of month, Best Picks by Chef Michael Siegler and other awards. Member of restaurant.com. Restaurant can seat 40 inside and 28 outside. All equipment, TV and German decoration included. Walk in and start immediately!

General information: Years established:5; Employees: 2; Trading hours: Tue thru Sat 11am - 9pm; Real Estate: Lease; Lease terms:Current lease $1482 incl. maintenance fees. Lease renews Nov 01, 2008 for another five years, after that two more five-year lease options.; Location:Business is located in Northpointe Centre right off Bollweevil Circle (Highway 84) in Enterprise, which is one of the two main roads in Enterprise. Business is right across the newest hotel, Hampton Inn and the Holiday Inn Express.; Expansion potential:Business could expand business hours to 7 days a week and longer hours at night as well as serving breakfast. Owners work as a family only with limited business hours, there is a lot more potential in the business with expanded hours.; Competition / Market:There is one more German restaurant in Daleville, a town located 12 miles from Enterprise with lunch business only.; Support & training:3 full days of on-the-job training by owners, introduction to all distributors and special agreements, help with obtaining the on/off premise beer license. We provide all recipes in writing.; Reasons for selling:Owner's wife had accident with neck injury and is not able to provide full work anymore. Therefore, owner established other business with local employees that needs his full attention.