Pizza Restaurant, Apartments And Store Front
Location:
United States
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Indiana
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Jay County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Tired of the fast lane? Move to the small town life, that offers low cost of living. We currently have a Pizza Restaurant, and Empty store on the lower level, and two apartments on the upper level of an Historic brick building in Redkey, Indiana for sale. It is located directly across the street from the famous Key Palace that hosts weekend shows of World Known Blues artists. Due to our careers, we no longer have time to run the business. Currently we are open at 4:30 daily until 8:00 pm. The demand for business has required us to open earlier and close later, but our schedules do not allow for these changes. The business potential here is very good as we are the only restaurant in town. We offer dine in, carry out, and delivery. Also note the street in front is under construction for the summer, but does have access to the restaurant. New streets, sidewalks, and overall beautification will be completed by fall.
The sale includes all equipment used in daily operation as well as food stock. It is a solid brick building with a few repairs needed. The electric was updated in June of 2007. The building has gas heat. Both apartments are currently rented. The apartments are very large one bedrooms that can be converted to two bedroom if needed. Attached to the back of the building is a ten car garage that needs roof repair, or could be torn down for private parking. We are willing to sell everything far below the amount we have put into it. We are anxious to sell, and are selling for $58,000 Please email or call Jon at (765) 748-7018 for more information on this Pizza Restaurant, Apartment and Store Front for sale. We believe for owners who can open for normal restaurant hours, $75,000 per year would be very much achievable. Feel free to make an appropriate offer, the price is lower than it shoud be due to the street project. Update 09-25-2009 Streets are getting closer to being finished, they started paving today.
Financials
Asking Price Range: < $250K
Gross Revenues:
$75,000
Cash Flow:
$45,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $3,500
Seller Financing: Not Disclosed
About The Business
Year Established: 2007
Number of Employees: 1 - 3
Relocatable: Not Disclosed
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Will train.
Reason For Selling: Extended career hours, not enough time to run properly.
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Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 700103409
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