Description of the business for sale
This is the best restaurant in the county and the banquet room is THE place to go for wedding events parties, etc. The construction of a new major branded hotel right next door(it doesn't have a restaurant!!)provides opportunity for fast sales growth.This facility is well known in the community and was completely renovated under new ownership in 2004. this is ideal for a chef or manager that wants his/her own business.The community is great for families and is prospering.
GROWTH: Tie in to the new hotel next door that is now under construction should enable extraordinary growth.
COMPETITION: Banquet room opened only a year ago and is booking fast. Restaurant sales were up 40% over the prior year and a major brand hotel without it's own restaurant is well under construction right next door. this is the place to dine in this community and future sales shopuld be great.
ADDITIONAL FINANCIAL INFORMATION
•Inventory: $30,000
•FF&E: $70,000
•Real Estate$630,000
REASONS FOR SELLING: Death of the Owner
Support / Training provided by seller
Reasonable training/transition period
Description of the facilities
10500 sq. ft. with restaurant with a full bar and adjoining banquet room. Restaurant seats 142 and the banquet room 400. All equipment new in 2004 when the facility was completely renovated. Easy access and visibility from major interstate highway and plenty of parking.