Restaurant For Sale / Lease, Bargain For Investor
Location:
United States
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Arkansas
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Bald Knob
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This Dreamed Restaurant is, the only restaurant that can sell alcohol in our county. (Which is a Dry County) It located at a small town next to three major Hwy, beside travelers from the Hwy; it has a customer’s base over 50 Miles. Property consists of a 7,333 SF full service restaurant. Public part of building consists of 4,555 SF, entry hall with 378 SF. Dining Capacity of 214 persons. 2,400 SF comprises server areas and kitchen and storage.
This restaurant for sale has great reputation for excellent food and service. Local civic clubs, like Lion, and Rotary AARP all meet here regularly. You can follow the turkey operation or you can created you own theme; Mexican, Italian, Steak House etc, etc. We located in White County at the centre of Arkansas and the Natural Gas Companies just start drilling and producing Natural Gas in this area known as the Fayetteville Shale Play. Potential for growth is enormous.
You can buy the business for $150,000 which included all the equipment and furniture and alcohol License with a 5 years leasing of $4,300/month. If you want to buy the whole thing, the Real Estate and Building was appreciated for $600,000 at 2005. I will sell it way below the appraisal value. This is a wonderful opportunity for investor too. This restaurant is running in excellence condition, after years of working and my kids are all grown-up and I just has my first Grand baby. I want to slow down and take time to smell the rose and most of all me and my wife want to spend more time with our grand baby.
Financials
Asking Price Range: < $250K
Gross Revenues:
$450,000
Cash Flow:
$53,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $150,000
Seller Financing: Yes
About The Business
Year Established: 1999
Number of Employees: 10 - 19
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Free for the first month.
Reason For Selling: Retail.
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: 70093542
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