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Restaurant with Multiple Locations

Broome County, NY
Restaurant with Multiple Locations

Sale Pending

Asking Price : $90,000   
Cash Flow : $100,000   
Gross Revenue : $450,000   
Inventory : N/A   
EBITDA: N/A   
Rent: $2,500 per Month   
FF&E: $75,000   
Year Started: 2010   

Business Description

Owner is motivated, must move for family reasons. He is practically giving this restaurant away. If you know how to run a food business you can make your investment back in less than one year.

Two permanent locations, one seasonal location, and a very profitable, catering business.

The tax returns don't tell the whole story, come in and personally take a closer look at this business and see just how profitable it can be. This is an incredibly deal for someone who is experienced in running a food business. It's a full Sy staffed turnkey business with a great name and growing reputation in the city. The current owner would love to be able to stay and grow this business into additional locations because the potential is there, unfortunately he can't. With his family situation time is more valuable than money so the first person that comes with cash will get this incredible business.

Employees:6

Furniture, Fixtures, & Equipment (FF&E):Included in asking price

Facilities:Two restaurant locations and a local specialty venue. Plus catering contracts and equipment.

Competition:This is a local favorite with a loyal and well-established customer base.

Growth & Expansion:In additional to the multiple existing income streams, a new owner has the ability to quickly add even more income streams with this business.

Financing:$65k down, seller will finance the balance.

Support & Training:Owner is willing to stay on as needed to train a new owner.

Reason for Selling:Owner relocating.