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Business for Sale Summary

Bar, Restaurant & Catering Hall * PRICE REDUCED* - 30121

Business Type: convenience store,entertainment,best deals!,new to market,restaurant/ cafes
Bar, Restaurant & Catering Hall * PRICE REDUCED*
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This business has received 78 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $225,000 Down Payment $225,000
Gross Revenues $320,210 Lease Remaining Register Free to View
Owner’s Cash Flow $144,220 Number of FT Employees Register Free to View

Financing

$225,000 Down and Possible for a qualified buyer.

Business Description

Restaurant with 3,000 SF Catering Hall. *PRICE REDUCED* This is a very unique space. It is located in a very high traffic area, just steps from the train station. This is a 1,500 sq.ft. restaurant, specializing in South American cuisine in a quick-serve setting. They offer a full kitchen with ansul system, as well as steam tables. They also have a beer and wine license, and do tremendous beer sales at the bar. The space offers seating for approx. 25. In the past year, gross sales were approx. $320,210.00, with a net cash flow of approx. $144,220.00. The margins are very high to the approx. 58% beer sales at the bar. There are 10 years remaining on the lease, at a rent of only $3,350/month. THERE IS A BONUS SPACE NEXT DOOR. THE OWNER HAS COMPLETED THE CONSTRUCTION OF A 3,000 SF CATERING HALL. Rent for this space is only $2,000/month. She has decided to move out of state, and has not yet opened the space next door. A new owner only has to furnish the space, and they can open for business. We are seeking a serious and financially-qualified buyer with at least $225K in liquid funds. The ability to speak fluent Spanish would be ideal. To learn more, please call or email Mel Vaz today at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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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.