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Asking Price$1,250,000
Revenue$1,089,892 Established1974
Cash Flow$393,822 Employees3 full, 27 part
FF&E$250,000 FranchiseNo
Inventory$20,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Legendary Restaurant with impeccable reputation for many decades. Enviable track record in food, service, cleanliness and customer compliments for any and all occasions: Reunions, showers, wedding receptions, engagement parties, post funeral receptions, bigger corporate and social events, catering etc. Unbelievable combination of continuous success in business with humble attitude and personal touch that attract customers like magnet.After years of success, owner is selective in what business will be taken and scaling back catering. Also, currently not opening public lounge and not entertaining highly profitable holiday business. New management can open the business for new years, Easter, Thanksgiving, Mother's day, etc. and can make mint.The business figures disclosed are the real numbers. These numbers would be MUCH MUCH higher if owner would welcome all the business that comes to their way. For example, owners after many years took business for ONE Saturday before recent Easter which resulted in $19,000 in business just from events.New owners can entertain all the business instead of pick and choose and can make a fortune. Excellent central location where business comes naturally to this highly acclaimed place. Property is available for sale by the owners and is included in the total price. Other income includes owners personal Life Insurance, auto insurance and retirement funds that have been paid by this lucrative business.Due to the excellent track record and business being too good to the current owners, we will appreciate serious inquiries with proof of funds.
Training/Support:The seller will train the new owner.
Seller Financing:1,250,000.00 Down
Sale Reason:moving on.
Ad #71486
Seller Reference #26741
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Amit Desai
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