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- RE: Restaurant And Bar In Cherokee County
- Contact: Steve Mastrangelo
Quick Facts
| Asking Price: | $390,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 633427983 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
This restaurant did almost $1.2 million last year. The small restaurant has been at this location for over 20 years. Approximately 90% of the customers are regulars. No marketing or advertisements have been done in years. The owner is absentee and pays the current manager $65,000 a year. An owner operator can increase sales plus replace the current manager after a few weeks. Selling at 2 1/2 times the net. Location also has a patio with a low rent of $5,000 which is currently at 5% of the gross. The location also has a patio with a low rent of $5,000 which is currently at 5% of the gross. Priced to sell at $390,000 with some financing to a qualified buyer.To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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