ACQUISITION OPPORTUNITY F-1748

SUBURBAN RESTAURANT

This 124 seat, 4,000 Sq. Ft., plus a 40 seat patio restaurant serving breakfast, lunch and dinner is open six days per week.  Located in an affluent eastern suburb of Cincinnati.  The restaurant is currently owned by a multi-unit owner who wants to simplify his life and concentrate on his larger operations.

This acquisition opportunity makes sense for an owner/operator who will provide more on-site attention, or a buyer who is looking for an inexpensive conversion to a different concept.

HIGHLIGHTS: 

·        Current sales $48,000 per month. . . First year sales average $69,200  per month

·        4,000 S.F.  124Seats

·        Well-equipped; $100,000 Estimated Fair Market Value

·        83 Parking spaces on-site

·        Business owner is the landlord-Current rent $9 per S.F., triple Net –Owner will negotiate an attractive lease

·        Recent upgrade- Interior and equipment

·        Traffic Count 12,000 vehicles per day.

PURCHASE PRICE: 

The business is offered on an asset sale basis, free and clear of any debt at an asking price of $125,000.  Owner financing 1/3 down; balance over 8 yrs.; Real estate available at $300,000, or lease at $3,000 per month.

 INCLUDED IN THE SALE:

            Inventory                                                                    $    7,000

            Furniture, Fixtures & Equipment                              $100,000 (est. FMV)

                Real Estate                                                                4,000 Sq. Ft.; 1.1 acres