Iconic Restaurant | 345 seats w/Real Estate
Marketing description
Recent $700k improvements to iconic establishment. STRICTLY CONFIDENTIAL. Strongly branded. Rare as hen's teeth
to find available such a big, well run, profitable restaurant. Includes strong going business plus high profile real estate. $900k SDE over $700k cash flow. Iconic attraction. 345 seating with multiple party spaces and tavern. $109k median income w/i 5 miles on 162k population, 42 years median age. Low unemployment. Everyone knows its name!
Provide Proof Of Funds to gain NDA prior to release of current P&L. Well seasoned staff in place. Owner retiring. Golden opportunity for a serious minded restauranteur who has adequate financial strength. Current ownership willing to provide
60 day transition tutelage.
Investment highlights
Property Type: long going restaurant
Sub Type: Established Restaurant with high profile real estate
Square Footage: 8,800 + highly desirable storage
Seating: 345 fully furnished.
Cash flow: $700K +/-, SDE $900k +/-
Tenancy: Owner/User
Acreage: 0.9 Acres w/use of 1.5 ac
Employees: Seasoned Staff
Sale Pre-Condition: Proof Of Funds
Proof of Funds to access NDA
Transition Liquor Permit: Yes
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