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Restaurant And Lounge
Location: United States -> Pennsylvania -> Hanover
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Location operating continuously since 1934. It was purchased in 1987 and we are the sixth owners, is fully equipped and has a Pennsylvania ''Restaurant License''.

The 4600 sq ft property resides on three corner lots, with a parking lot and off street parking integrated into the boroughs residential, recreational, commercial and industrial areas.

Its layout consists of a 37 seat bar, an adjacent dining room, barroom booths & tables, a kitchen, a behind the bar grill and a separate room for carry out beer with a 10 door walk in cooler. Completely remodeled into an upscale city ambiance, oak, brass, tiffany lights and neon accents.

Asking $695,500.00 for a straight sale ... A Lease Purchase or Sales Agreement may have an effect on the eventual selling price ... Some short term financing is available from the sellers for a qualified buyer with the necessary down payment ...

Photos available upon request ... call with your e mail address ... Call (717) 632-9515 for more information or to arrange a time to visit the property.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $10,000,000
Cash Flow:   $2,000,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  1987
Number of Employees:  1 - 3
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  As necessary, owners will remain available for buyers needs
Reason For Selling:  We are 77 and 78 respectively and want to retire

Photos

View Larger Photo(s) Of Business
Restaurant And Lounge Photo 1 Restaurant And Lounge Photo 2 Restaurant And Lounge Photo 3




Print Listing Id: 700196332
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Pennsylvania Businesses For Sale > Pennsylvania Franchises For Sale > Pennsylvania Business Brokers



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