We're all looking for cash flow, right? Tough to find real businesses with real books, right? If you're one of those buyers looking for businesses with cash flow and real books, then you need not go any further then this business.
ANNUAL CASH FLOW: $210,000.
ANNUAL DEBT SERVICE FOR SBA LOAN WITH 20% DOWN (5.5% for 10 years full Amortization): $55,000.
CASH REMAINING AFTER PAYING DEBT: $155,000!
$155,000 a year in this small college town makes for a great living for anyone. And all you need down is $105,000, restaurant management experience and good credit and I'll get you an SBA loan!
This broker just closed an SBA deal with liquor license in 60 days with a solid buyer! Give me a call!
First, the location is one of the best in this great downtown area in the heart of this college town that's teeming with activity and events. Anything happening in this town starts right in front of this restaurant. From farmers markets to town holiday parades, the crowd is at the restaurant's doorstep, helping brand this business. The building is gorgeous too!
Second, the management team is well-trained professionals with great attitudes. The service is upbeat, refreshing and fun and always delivered with a smile. This team has earned the restaurant a 4+ star rating on YELP and GOOGLE+.
Third, the menu is unique as are the flavors and tastes of the food with spices from around the world used in their foods. The beer selection is equally fancy with unique import and domestic beers. This restaurant serves delectable focaccia sandwiches and gourmet pizzas along with out of this world salads and soups with fresh ingredients brought in each day. The menu is simple and designed to reduce the number inventory items carried in the restaurant resulting in food cost consistently being in the 25% range.
The high ceilings, the artwork and the colors throughout the restaurant as well as the views of the streets in this small town give this restaurant a unique ambience not found at any other restaurant in the area. The restored old brick building helps its patrons feel like they've traveled back in time, when life was slower and the dining experience was a gathering of old friends with lots of laughter and plenty of food and drink.
We’re going to get you a new lease with at least 10 a year term. The landlord is friendly and cooperative. The rent will be about $4,700 a month including the NNN/CAM costs. That’s about a 7% or so rent factor!
REASON FOR SELLING
After 12 great years of owning and operating this Restaurant, the entrepreneurial spirit of the owners are ready for their next adventure.
|2014 Total Population||36,773||73,162|
|2010 Number Of Households||14,480||29,899|
|2010 Persons Per Household||2.43||2.38|
|Median House Value||$294,600||$281,965|
|Income Per Household||$45,224||$42,126|
|2009 Number Of Businesses||1,185||2,197|
|2012 Number Of Employees||32,876||59,120|
|2012 Total Annual Payroll||$510,887,000||$1,017,997,000|
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