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Restaurant and Bar For Sale

34/wk
Lackawanna County, Pennsylvania, United States
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Asking Price$185,000
Revenue$505,700 Established2006
Cash Flow$226,260 Employees2 full, 2 part
FF&E$120,000 FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Introducing a very cool Grill & Bar that is located downtown, where all the action is happening in this very active city. Only Italian in downtown; lawyers, students, and locals in general come to eat, drink and have a good time here, because this place has a liquor license. Over 300 new apartments were built last year and 300 more are coming. Location, location, location! 60 to 70 hours week work. Piano man Fridays and Saturdays and Wednesdays coming soon because people ask for him. Even though the real estate is not for sale, the buyer will get the whole building because everything is under one meter and the building has 2 apartments that rent for $1,700 total. When I sat with the owner to have this conversation, he told me that on Saturday night, there were about 60 people in the restaurant and that there were sales for about $3,300.
Seller Financing:129,500 down and 55,500k @7% - Negotiable Terms
Sale Reason:His brother was the one managing this restaurant but he went back to Belgium and since he has two mo
Ad #25279
Seller Reference #19943
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Contact This Seller
Carlos H. Sepulveda
610-762-1507
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