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Asking Price$650,000
Revenue$1,702,000 Established2004
Cash FlowUndisclosed Employees20 full, 20 part
FF&E$350,000* FranchiseNo
Inventory$18,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This is an excellent opportunity to take over a well run and profitable full service restaurant & lounge. Solid staff in place.
Very well run and profitable Restaurant and Lounge well located on a main thourougfare. Casual/Family dining, great theme atmosphere. Varied menu, excellent service and of course great food have given this operation loyal patronage and a very good bottom line. Ample parking on site and a highly visible location add to the viability as well. If you are looking for a stable, long term profitable opportunity in this industry, this is certainly one to take a look at.
Price is reduced for quick sale, and owner is ready to move on.
 
 

Required Licenses: city business, liquo
Competition:The restaurant business is highly competitve, but within that, this is a well recognized local entity with high visiblilty and a loyal customer base. Not a franchise, but out performing most of them with a SDE of 17% of sales.
Growth Potential:A rare opportunity for growth as by owner's choice, this operation is closed on Sundays and a number of Statuatory holidays. 60 more days open could substantially enhance the already good bottom line.
Training/Support:Sufficient training and transition period to be negotiated based on requirements of purchaser.
Seller Financing:Seller is asking for half down, and a mixture of cash flow institutional lending and seller
Sale Reason:Retirement,
Ad #36754
Seller Reference #EDMONAB001-N56
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Michael McCulloch
(780) 471-4988
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