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Asking Price$250,000
Revenue$1,000,000 EstablishedUndisclosed
Cash Flow$250,000 Employees10 full, 1 part
FF&E$150,000 FranchiseNo
Inventory$110,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Long Established East end High End Restaurant with very high end expensive wine list wines range for $40 to $1000 per bottle. Half of the sales are wine and liquor very profitable! Please Note: The present owner does a lot of the cooking and bartender himself. A new buyer may see less net income if they add staff. Present owner nets over $250k. Owner wants wants to retire. He currently travels 4 hours per day to get to and from the restaurant. 7 year lease in place with possible option. The landlord requires 2 year personal guarantee on lease. In addition to the $150,000 down, a buyer will need about $100k to stock the same amount of wine as the current owner. This rustic 60 year old restaurant is known for its burgers,dumplings, fish, steaks and wines. Niche money maker. Full basement included. Seller will train for 30 days or longer for a salary. Restaurant and bar seats about 90. ANY BUYER NEEDS AT LEAST $300k in liquid cash. This is a year-round business (In January & February seller only opens 5 days per week). Please call 1-877-735-5224 for further information and to speak to the broker.
Training/Support:The seller will train the new owner.
Seller Financing:150,000.00 Down & $100,000 for 5 years @ 6%.
Sale Reason:Other Interest
Ad #81509
Seller Reference #28340
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Contact This Seller
Mel Vaz
1-877-735-5224
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