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Family Style Restaurant For Sale With Real Estate

108 N Railroad Ave., Wyoming, Delaware, United States
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Asking Price$795,000
Revenue$808,000 Established1970
Cash Flow$83,000 Employees18 full, 10 part
FF&E$100,000* FranchiseNo
Inventory$3,700 RelocatableNo
Real Estate$550,000* Home-basedNo
* Included in Asking Price
Free standing building of approximately 4000 sf.  Seats 150 and parking for 62 vehicles. 2BR apartment above the restaurant. It caters to individuals, families and groups.  It provides a large menu selection of economical priced meals for breakfast, lunch and dinner.  It is open six days from 6 am to 7:30 pm.  A separate room that seats 50 is regularly scheduled for a variety of organized groups.  The age and health of the current owners are the only reasons this opportunity is available for purchase.
Facilities:Three contigious parcels. Restaurant in center parcel surrounded by paved and lined parking. Restaurant in 3 sections with one walled section available for groups of up to 50. Entrance ramp and recently renovated bathrooms make it ADA compliant.
Competition:Restaurants abound everywhere but this is an area landmark with many regulars as well as transients.
Growth Potential:Open 6 to 7:30 Mon-Sat. Staying open later will increase the dinner trade. Sunday opening would add to all three meals. But, the age and health of the owners have discouraged them from increasing their workload.
Seller Financing:Several local banks have an interest in providing financing + some owner financing possible.
Sale Reason:Age and Health
Ad #86799
Seller Reference #BR160714
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Contact This Seller
Don Blouch
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