Upscale Restaurant & Lounge
Location Arkansas,United States
Asking Price Range $250K - $500K
Gross Revenues $580000
Net Profit / Cash Flow $220000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2008
Number of Employees 20 - 34
Inventory 215000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training Seller will provide training.
Reason for Sale Retirement.
Description This a great opportunity to own an upscale restaurant in one of the most rapidly growing areas in the state.
The restaurant for sale was opened in March of 2008 so all of the equipment, furniture, and fixtures are state of the art and almost brand new. The furnishings in the restaurant are upscale creating a nice causal dining experience. This restaurant is one of a few places in a dry county that have a liquor license. The lounge is able to accommodate bands and is set up to be a relaxing place to unwind. They have a large dining area that can be closed off from the rest of the restaurant creating a private dining room for parties, meetings, and special events. The owner has been in the restaurant business for over 30 years and has created a wonderful dining experience featuring fine Italian food.
The seller owns the strip center where the restaurant is located. An additional 3,750 sq. ft. is available for lease or the entire facility can be purchased as an investment opportunity. Earnings are based on earnings through 07/31/2009. This is a ''must see'' opportunity with a loyal customer base. The fortunate new owner can take right over! Call or email today for more information. Sale price is just $495,000!
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