After satisfying customers for many years 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 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-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 price. The Investment would also be able to pay the debt service on loan and still have plenty of cash left over for the new owner. With just under six million dollars in annual sales and over $1.6 million in cash flow, this is a rare find indeed.
- [ ] FEATURES:
- [ ] SBA Prequalified at 15 percent down
- [ ] Long-term (10year ) SBA loan
- [ ] ABC Hard liquor License Included
- [ ] Long established business has a proven success record
- [ ] Hugh profits
- [ ] Great Verifiable Books and Records
- [ ] Great Low Rent Lease with options
- [ ] Turn-Key
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 and the broker's connections for a long-term SBA loan solution. No Co-Broker #jimsellsrestaurants
General Info
- OrganizationLLC
- EstablishedContact for Info
- Current Owner2011
- EmployeesContact for Info
- Reason For SaleOther Interests
Facilities
- SeatingContact for Info
- Square FeetContact for Info
- ParkingAmple
- LicensesContact for Info
- Open Hours10 am-9 pm Daily
Lease
- RentContact For Info
- ExpirationContact For Info
- Yearly IncreaseContact for Info
- OptionContact for Info
- Deposit$5,000
Financials
- Monthly Revenue$492,000
- Monthly Cash Flow$134,000
- Annual Revenue$5,900,000
- Annual Cash Flow$1,600,000
- PayrollContact for Info
Financing
- Down Payment10- 15 percent
- Note BalanceSBA Pre Qualified
- 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.