This is a well-established restaurant/bar having been in business for over ten years.  This business has consistently attained revenues in excess of $1,000,000.  Bar sales account for 30% - 35% of business.

 INVESTMENT HIGHLIGHTS:

• Excellent reputation

• Excellent downtown location near major attractions

• Underutilized banquet/meeting area is a major opportunity to grow the business

• Opportunity to own the real estate if desired

• Profitability enhancement potential through margin improvement

 PURCHASE PRICE:

The business is being offered as an asset sale, free and clear of all debt and liabilities for $330,000 cash at closing.

            Assets included in the Sale of the business:

                        Furniture, Fixtures, Equipment (FMV)                     $150,000

                        Inventory at Cost                                                           $8,000

                        Liquor License (D1, D2, D3, D3A)

ACF (Adjusted Cash Flow) is the pretax cash flow of the company prior to expenses of seller’s salary, depreciation, and certain seller discretionary expenses that will be eliminated upon the sale of the business.  ACF = net profit + seller salary + depreciation + seller discretionary expenses.