Profitable Restaurant – Owner Retiring
Location: United States -> Kentucky -> Arlington
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Businesses for sale Summary
Great opportunity to own a profitable restaurant for sale located on a primary highway in beautiful western Kentucky. Current owners have enjoyed the business for 17 years and are ready to retire. The 6,400 square foot building houses a main dining room that seats 90 with additional seating available for 46 that can be split into two private parties. Open fifteen hours each day, the restaurant is full service and has a wide variety menu with home cooking, plate lunches, homemade pies from family recipes, pond-raised catfish with special seasoning, bar-b-que and bar-b-qued chicken and quail. Lunch and dinner specials are featured daily. With little competition in the surrounding area, the restaurant enjoys a loyal local customer base from throughout the county. Perfect opportunity to escape the rat race of big cities and corporate life. The land and building are also available through separate discussion with the owners, with significant parking lot upgrades completed recently.
Listed Price: $165,000.
Fixtures, Furniture & Equipment: $85,000 (Included in price).
Inventory: $6,000 (Included in price).
Days & Hours of Operation: 15 hours/day.
Square Footage: 6,400.
Year of Last Acquisition: 1991.
Please email or call ABMI Mergers & Acquisitions at 913-341-6300.
Financials
Asking Price Range: < $250K
Gross Revenues: $590,000
Cash Flow: $54,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $91,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1991
Number of Employees: 20 – 34
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Reason For Selling: Owner retiring.
