After satisfying customers since 1992 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 today's market while they last and lock in a great deal. The restaurant and business together is pre-qualified for an SBA long term (25 year) loan with just 10% down. Therefore, an experienced operator with strong financials  would be able to purchase this business investment with leverage from the SBA. 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 year over year. With just over a million dollars in annual sales and growing. This investment will pay for itself and provide a great income for your family.   The real estate Includes 2,200 plus  sq ft  fully equipped stand alone restaurant.  Sale also includes all fixtures and equipment some of which is a brand new Pizza Oven, commercial freezer, new ac unit, 2019- auto-fry, 60" salad prep refer, 60 qt Hobart mixer, 400 pound capacity ice machine, 8x10 walk-in, type 2 hood for pizza oven, 3 compartment sink, 13 high def security camera, 2 flat 75 " screen tvs, 1 -48 " tv, assorted small wares sufficient to run a million dollar restaurant. And much more included with the sale.   - [ ] Pandemic Proof Business with YOY sales increase - [ ] SBA Prequalified at 10 percent down - [ ] Long term (25 year ) SBA loan with low interest  - [ ] Real estate included with the business ( No Landlord ) - [ ] Great investment for the future - [ ] Investment that truly pays for itself  - [ ] Great family easy fun business - [ ] Long established business has a proven success record since 1992 - [ ] Beer and Wine License included with sale    Financial information such as tax returns, balance sheets, P & L, bank statements,   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

  • OrganizationCorporation
  • Established1992
  • Current Owner1992
  • EmployeesContact for Info
  • Reason For SaleOther Interests

Facilities

  • SeatingContact for Info
  • Square Feet3,000 Plus
  • ParkingOwned Parking Lot
  • LicensesABC, Health, Business
  • Open Hours7 days a week

Lease

  • RentN/A
  • ExpirationN/A
  • Yearly IncreaseN/A
  • OptionN/A
  • DepositN/A

Financials

  • Monthly Revenue$88,000
  • Monthly Cash Flow$19,000
  • Annual Revenue$1,059,682
  • Annual Cash Flow$230,000
  • PayrollContact 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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