American Bistro / Bar - Less Than 2x Cash Flow
Location Connecticut,United States
Asking Price Range $250K - $500K
Gross Revenues $1000000
Net Profit / Cash Flow $210000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2004
Number of Employees 10 - 19
Inventory 160000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Training: owner willing to provide hands on training for two weeks followed by 30 days of phone support.
Reason for Sale The owners have worked - now they are looking towards other opportunities.
Description $100k Price Drop! Only $195k Down - Owner will finance the rest! That is less than one year's cash flow! This is what you've been looking for. A well established restaurant with bar that does big business and throws off a substantial amount of cash. On top of that it has a great lease and a very reasonable asking price. Everything about this opportunity says it will not last long. Expand on the current concept or bring your own. At this price (less than 1.5X cash flow) the opportunities are limitless!
Facilities: Excellent location with direct visibility to main road and from busy highway. 60 seats in dining room and 20 at the bar. Creative upscale / casual decore. 2,800 sq. ft plus outdoor space.
Lease: Great lease - $4,700 per month - includes everything. That's less than 6% of gross sales. 11 years remaining. Also, new lease is available if desired.
Market: This is ''the big fish in the small pond''. Very few direct competition establishment in the area. At least not on the same level as this place.
Growth: Several very good avenues for growth. Catering, theme nights, open 7 days a week, expansion into outdoor area.
Financing: Owner will provide $100k of financing to well qualified purchaser. Only $195 down - that is less than one years cash flow!
Click Here To Contact Seller
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