Restaurant - Part Time Hours, Full Time Cash Flow
Location Arkansas,United States
Asking Price Range < $250K
Gross Revenues $434902
Net Profit / Cash Flow $77033
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1990
Number of Employees 6 - 9
Inventory 31755
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Seller will negotiate a transition period
Reason for Sale Retirement
Description This restaurant is only open 18-19 hours PER WEEK - and grossed OVER $430,000 in 2013! Its Cash Flow is consistently over $70,000 per year! Sales have increased every year since 1999! It serves some of Central Arkansas' finest down-home cookin' for lunch ONLY. Owned for the last 15 years by the current owner, this restaurant is located in a high-traffic area of West Little Rock not far from I-430. Delicious food and good `ole southern hospitality leaves every customer feeling full and satisfied!
The restaurant has seen increases in sales every year the owner has owned it. Over the last three years, Gross Sales have averaged over $397,000 - impressive by any standard, but even more so seeing how this business is only open for lunch, five days a week, for only about 18-19 hours per week! There are 100 seats available in the restaurant, and each day it turns 200-300 people in and out for lunch! The growth potential for this business is limitless. By simply adding breakfast, dinner, or both, the current owner feels the restaurant could at least double its sales in the first year under a new owner. This is a tremendous opportunity to own a turnkey restaurant with built in growth potential, a solid and loyal customer base, and an established and well-respected reputation. Some owner financing is available for a qualified buyer.
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