Rare opportunity to own a profitable institution, in service since 1951! A prized restaurant, coffee shop and bar serving classic American fare, breakfast, international dishes, cocktails & dessert. With strong community support and long-term employees. This is an open, airy restaurant with a long dining counter, two separate dining rooms, separate bar with dining area & outdoor seating. Offering table, booth and banquette seating throughout. Outdoor Covid sales have averaged between $130,000-$148,000 a month with outdoor dining alone. There is a huge opportunity to grow sales by adding an online presence and To-Go business that has not been previously offered. Plus, the shopping center has new, strong national tenants moving in. Includes: walk in cooler, walk in freezer, grease interceptor, security system, POS system with 7 stations, 2 beverage stations, dishwashing line, storage area, dry storage room, 2 sets of bathrooms plus private office. Extensive equipment includes: 2 hooded cook lines, one 10 ft. one 25 ft. 3 double fryers, 2-six burner stove tops with ovens, 1- 4 burner stove top, 3 holding cabinets, 2 stacking ovens, broiler, 8 door stacking freezer, floor mixer, double ice machine, 2 pressure cookers, 6 ft steam table, 2-4 ft grills, 8 chef's drawers, char broiler, 4 ft salamander, warming lamp, meat grinder, 4 door undercounter fridge, 3 waffle irons, 2 microwaves, 6 ft cold prep station, 2 warming drawers, dessert case, ice cream freezer, 2 conveyer toasters, juice machine, blender, coffee & tea equipment, 10 door undercounter fridge, wait station with 5 warming drawers, 4 soup warmers. Plus, bar equipment and 9 TV's.

General Info

  • OrganizationContact For Info
  • Established1951
  • Current Owner2017
  • EmployeesCurrently 10
  • Reason For SaleOther Interests

Facilities

  • Seating280
  • Square Feet6000
  • ParkingLarge Lot
  • LicensesHealth Department, ABC License, City Business License
  • Open HoursDaily 7AM - 8PM

Lease

  • Rent$18,080.91 triple net $4,350.66
  • Expiration2027
  • Yearly IncreaseContact For Info
  • OptionNegotiable
  • DepositYes

Financials

  • Monthly Revenue$311,832 -Covid Monthly Sales $136,000-$148,000+
  • Monthly Cash Flow$36,493
  • Annual Revenue$3,741,987
  • Annual Cash Flow$437,923
  • Payroll$Contact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location