1 Withheld

Description

Price Reduced...A confidentiality Agreement & Questionnaire must be signed and sent to LA before you disclose the location of this restaurant.This is a professionally designed, award winning 64-seat restaurant with a 13-seat bar and a beautiful enclosed (roof) 32-seat attached outside patio. If I describe the cuisine you will know the name of this restaurant and without a signed Confidentiality Agreement, I cant take a chance letting a perfect stranger know this restaurant is for sale.It has been opened only +/- 4 years and already doing $860,000 to $907,000 a year. The asking price for the business is now $199,900 which is +/- 22.0% of 2019s sales ($907,000). The ratio of price to sales reflects the pandemics current guidelines on restaurants. When this is over the price will go back to the standard ratio of +/- 35% of sales. The net (Owners Cash Flow) is estimated to be +/- $150,000. Investment was +/- $460,000.* The partial first year of sales in 2016 was +/- $776,000. First full year of operations in 2017 was +/- $900,853. 2018 came in at +/- $887,518 and 2019s was +/- $907,000.* Got your attention? Interested?Ill schedule a meeting with the Owner who can answer all your questions and show you the restaurant.Youll have plenty of time to do your "Due Diligence (checking the Books & Records) and observing the business by having a few drinks and dinner a few times. Continue reading below...