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#5583
Pennsylvania Tri-State Restaurants For Sale
New York Tri-State Restaurants For Sale
New Jersey Tri State Restaurants For Sale

Money Maker - Fine Dining W/Full Bar + Real Estate - 5 Nights/Week!

$790,000
Available
Money Maker - Fine Dining W/Full Bar + Real Estate - 5 Nights/Week!



ADD TO FAVORITE

This business is thriving under the new normal!  Sales are up compared to last year. So if you have solid experience running upscale restaurants, looking to buy the real estate as well and looking to get out of the big city, then you have found your dream restaurant!  There is a small apartment on top of this restaurant. There are 3.5 acres and a well maintained building. 

There is an SBA loan available as we have good tax returns with good profit!

 

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Pennsylvania Tri-State Restaurants For Sale
New York Tri-State Restaurants For Sale
New Jersey Tri State Restaurants For Sale
Lease Term:
Real Estate For Sale

Financials

Last Year's Annual Gross:
$796,000
Last Year's Owner's Cash Flow:
$223,000
Last Year's Food Cost %:
40.3
Last Year's Payroll Cost %:
13.9

Operations

Liquor License:
Hard Liquor
# of Full-Time Employees:
10
# of Part-Time Employees:
4
# of Working Owners:
2
Hours Open:
Wednesday - Sunday 5 pm - 10 pm
Year Established:
2006
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
120
# of Parking Spots:
35
Inside Sq. Ft.:
3,797
Lot Sq. Ft.:
155945
Total Building Sq. Ft.:
Residential/Office Sq. Ft.:
500

Highlights

  • Amazing Food
  • Well Trained Staff
  • Full Liquor Bar
  • Lots of Cash Business
  • Seats 120
  • Nearly 3.7 Acres
  • Rented Apartment on Property
  • Septic, Well Water, Filtered System, Heating Oil
  • Well Maintained Building
  • Resort Area Not Far From Town

Financing

Down Payment:
$156,000
Will SBA Finance:
Yes
Est. Monthly SBA Loan Payment:
$3,648
Est. Annual Interest Rate:
5%%
Will Seller Lend To Buyer:
No

Demographics

Population 3-mi. 5-mi
2014 Total Population 3,387 4,257
Households 3-mi. 5-mi
2010 Number Of Households 1,221 1,796
2010 Persons Per Household 2.46 2.44
Median House Value $234,900 $220,641
Income Per Household $52,656 $54,196
Businesses 3-mi. 5-mi
2009 Number Of Businesses 50 92
2012 Number Of Employees 558 852
2012 Total Annual Payroll $9,151,000 $13,331,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.


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