After satisfying customers since 1967 with great food and friendly service, the owners are ready to retire and pass on years of goodwill to a well qualified operator. Capitalize on the low interest rates in todays market while they last and lock in a great deal. The restaurant and business together is pre-qualified for an SBA long term (14 year) loan with just 15 % down. Therefore, an experienced operator with strong financials would be able to purchase this business investment with the SBA guarantee of 85 percent of the purchase. The Investment would also be able to pay the debt service on the loan and still have plenty of cash left over for the new owner. This is also a pandemic proof business as they have made more money in 2020 than in 2019. With just at a million dollars in annual sales and over $335,000 in seller's discretionary cash-flow ,this is a rare find indeed. This investment will pay for itself and provide a great income for your family. The real estate Includes 1,500 sq ft fully equipped stand alone restaurant ,approximately $135,000 in solar equipment, saving almost $48,000 a year in operating expenses. Two outside patio dining areas seating 60 plus people. Two additional buildings on 1.1 acre corner lot. Huge parking lot with room for RV parking included. Sale also includes all fixtures and equipment some of which is 250 solar panels, solar system, generator hook up, 2 cold tables, 3 POS work stations w/ 5 printers, Ansul fire suppression system, Hobart slicer, three compartment sinks, Taylor 747 soft serve machine, table top fountain bar, flavor burst machine 8 flavors, on demand hot water heater, pressure washer, Ice machine Hoshizaki, walk- in cooler, walk - in freezer, 10 security cameras, monitor for cameras , PA system, 3 outside speakers, grill , fryers, hood, 3 multi blenders, 3 steamers, 8 concrete picnic tables, 6 inside tables w/ 30 chairs, outside steam cleaning area w/ storage shed, 2 popcorn machines and much more. - [ ] - [ ] Pandemic Proof Business with YOY sales increase - [ ] SBA Prequalified for $1.5 million at 15 percent down - [ ] Long term (14 year ) SBA loan with low interest - [ ] Real estate included with the business ( No Landlord ) - [ ] Great investment for the future - [ ] Real Estate includes 1.1 acres corner lot with free standing Restaurant - [ ] Investment that truly pays for itself - [ ] Great family easy fun business - [ ] $135,000 solar installation ,250 solar panels - [ ] Pay zero electricity bill currently annually saving approximately $48,000 - [ ] Good verifiable books and records makes easy financing - [ ] Long established business has a proven success record since 1967 - [ ] 2 Outside dining areas seats 60 plus guests - [ ] Inside seats 25 in dining room - [ ] Has large parking lot with 23 parking spaces plus 2 RV parking spaces - [ ] Financial information such as tax returns, balance sheets, P & L, bank statements, POS reports, or merchant statements are only available to committed buyers who have signed an NDA , have proven purchase funds, and good credit. Complete the Non Disclosure Agreement on our website and we'll send you the full financial information and list of equipment included with the purchase. We'll also send you the Broker's contact information so you can discuss this opportunity as well the broker's connections for a long term SBA loan solution. No Co-Broker

General Info

  • OrganizationContact For Info
  • Established1967
  • Current Owner1967
  • EmployeesContact For Info
  • Reason For SaleRetirement

Facilities

  • Seating25 inside 60 outside
  • Square FeetContact For Info
  • ParkingLarge lot with RV spaces
  • LicensesHealth , Business
  • Open Hours6 days

Lease

  • RentReal Estate Included
  • ExpirationReal Estate Included
  • Yearly IncreaseReal Estate Included
  • OptionReal Estate Included
  • DepositReal Estate Included

Financials

  • Monthly Revenue$83,000
  • Monthly Cash Flow$30,000 plus
  • Annual Revenue$1,000,000
  • Annual Cash Flow$335,000
  • Payroll$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.

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