After satisfying customers since 1968 with great food and friendly service, the second generation owners are ready to retire and pass on years of goodwill to a well-qualified operator. Good books & records great location ready to go. Many repeat customers. Very stable business with great management included.Capitalize on the low-interest rates in today's market while they last and lock in a great deal. The business is pre-qualified for an SBA long-term (10 years) loan with just 10 % down. The Investment would also pay the debt service on loan and still have plenty of cash left for the new owner. With between 1.6 and 1.9 million in annual sales and over $311,000 in seller's discretionary cash-flow, this is a rare find indeed. Huge parking lot . The sale also includes all fixtures and equipment, some of which is 3 keg refer, two cold tables, 4 sharp cash registers , hood with ansul fire suppression system three compartment sinks, Ice machine , 7x7 and 11x9 ft walk-in coolers, seven security cameras, monitor for cameras, grill, 2 -70 pound fryers, 40 tables, 140 chairs, 100 gallon water heater, 3 72 can storage racks, 3 40 quart tilt kettles,4 well steam table, smith & Wesson safe, Bev air refer, 2 -40 quart Hobart mixers, 2004 GMC Van ,and much more. This investment will pay for itself and provide an excellent income for your family. - [x] Pandemic Proof Business with YOY sales increase - [x] SBA Prequalified only 10 percent down - [x] Long term (10 years) SBA loan with low interest - [x] Excellent investment for the future - [x] An investment that truly pays for itself - [x] Great family, accessible, fun business - [x] Good verifiable books and records make easy financing - [x] Long established business has a proven success record since 1968 - [x] Large Dining Room seats 148 guests - [x] Has large parking lot with many parking spaces - [x] Beer and Wine license included with the sale 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 have good credit. Complete the Non-Disclosure Agreement on our website, and we'll send you the complete 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
  • Established1968
  • Current OwnerFamily owned since 1968
  • Employees4 FT - 22 PT
  • Reason For SaleOther Interests

Facilities

  • Seating148
  • Square Feet4,556
  • ParkingHuge Parking Lot
  • LicensesAbc, health, business
  • Open Hours11am-8pm

Lease

  • Rent$5,515
  • Expiration7 mos remaining 5 year option
  • Yearly IncreaseN/A
  • OptionYes 5 year
  • DepositContact For Info

Financials

  • Monthly Revenue$135,630
  • Monthly Cash Flow$25,960
  • Annual Revenue$1,627,567
  • Annual Cash Flow$311,531
  • Payroll$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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