Description of the business for sale
Locally famous family restaurant with great brand recognition and repeat customers only 1 hour west of the metro. Restaurant seats 150 with a private banquet room for parties up to 40 people. New kitchen was put in 3 years ago, with all new equipment. Restaurant is seated very near the crossroads of two major highways.
GROWTH: Catering sales are at 10% of sales and growing. Also, to go sales are on the increase. Liquor sales could be added for additional revenue. Additional banquet space could be added for weddings.
COMPETITION: Community has been known as a dry city with no liquor licenses. However, community has just opened its first municipal liquor store and a liquor license can be applied for.
ADDITIONAL FINANCIAL INFORMATION:
• Inventory: $8,000.
• FF&E: $140,000.
• Real Estate: $400,000.
REASONS FOR SELLING: Relocating.
EMPLOYEES: Full-time / Part-time: 8 full-time / 26 part-time.
Support / Training provided by seller
30 days for new owner.
Description of the facilities
6,000 sq ft on 5 acres