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Business for Sale Summary

Once-in-a-lifetime Restaurant with property - 26741

Business Type: restaurant/ cafes
Once-in-a-lifetime Restaurant with property
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This business has received 29 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $1,250,000 Down Payment $1,250,000
Gross Revenues $1,089,892 Lease Remaining Register Free to View
Owner’s Cash Flow $393,822 Number of FT Employees Register Free to View

Financing

$1,250,000 Down and

Business Description

Legendary Restaurant with impeccable reputation for many decades. Enviable track record in food, service, cleanliness and customer compliments for any and all occasions: Reunions, showers, wedding receptions, engagement parties, post funeral receptions, bigger corporate and social events, catering etc. Unbelievable combination of continuous success in business with humble attitude and personal touch that attract customers like magnet. After years of success, owner is selective in what business will be taken and scaling back catering. Also, currently not opening public lounge and not entertaining highly profitable holiday business. New management can open the business for new years, Easter, Thanksgiving, Mother's day, etc. and can make mint. The business figures disclosed are the real numbers. These numbers would be MUCH MUCH higher if owner would welcome all the business that comes to their way. New owner can entertain all the business instead of pick and choose and can make a fortune. Excellent central location where business comes naturally to this highly acclaimed place. Property is available for sale by the owner and is NOT included in the total price. Other income includes owners personal Life Insurance, auto insurance and retirement funds that have been paid by this lucrative business. Due to the excellent track record and business being too good to the current owner, we will appreciate serious inquiries with proof of funds.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.