The business being offered for sale is a well established restaurant, with liquor license, serving American cuisine – lunch and dinner 5 ½ days a week. The restaurant offers a full menu of entrees, sandwiches, appetizers, soups and salads.   Actual seating capacity is 72.  The liquor license is a D1, D2, D3 and D6.

The restaurant is in a stand-alone building with an excellent parking lot. It is located on a major street and accessible from I-71, I-275 and the Ronald Reagan Highway.  Traffic count for the location runs 15,000 to 20,000 vehicles per day.

The business has an attractive lease on its 2500 square foot facility.  With renewal options it has twelve years guaranteed at a 1% per year rent increase.

The Seller will provide a reasonable transition period to acquaint the buyer with all facets of the business, providing:

  - Recipes and Specs for menu items                            - Detailed Prep Lists

  - Detailed Order Guides                                       - Detailed Maintenance Schedules

  - Management and Employee Handbooks

For a qualified buyer it is expected that 80% bank financing will be available (buyer invests $50,000 in cash).  With a seven year amortization, bank payments will be approximately $38,000 per year.  Thus a buyer should be able to achieve personal compensation each year of $75,000+ and build equity by paying off the business over seven years.  Keate Partners can assist the buyer in obtaining financing.

The business is being offered at $235,000 free and clear of debt.