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Asking Price$899,000
Revenue$2,339,000 Established1977
Cash Flow$436,000 Employees19 full-time
FF&E$150,000* FranchiseNo
Inventory$21,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Owner is retiring! This company is one of the most reputable restaurants with over 40 years of success history. The revenue has been growing, food cost is low, and employees are in place with low turnover. The business has over $400,000 in cash flow. The restaurant has a nice bar serving Beer, Wine, and Liquor. Almost 10% of sales is generated from selling alcoholic beverages. The business has 160 seating with 22 booth and 12 tables. The business has security system with several cameras; owner can check the facility, register transactions, and more from remote sight via internet. The business does not have a website and adding a website could generate more revenue.

Required Licenses: General, Health, Liquor

Real Estate Number: 623381
Competition:This business has been in existence for over 40 years, with excellent food, great customer service, and reasonable pricing.
Growth Potential:Owner has been very happy with current operation and did not explore having website! New owner can establish a website and generate more revenue. Also, current owner have not spent almost any money for advertising or marketing.
Training/Support:Current owner is willing to provide two weeks free training and open to provide more support based on mutually agreed term.
Seller Financing:Owner is willing to provide 20% of purchase price financing to qualified buyer.
Sale Reason:Owner wants to enjoy his retirement.
Ad #95640
Seller Reference #MONTGMD006-N402
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Contact This Seller
Mike Zarinbaksh
(301) 215-9288
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