Restaurant / Cocktail Lounge On Highly Traveled Road
Location: United States -> Pennsylvania -> Lackawanna County
Industry: Bars and Nightclubs > Bars and Pubs
Businesses for sale Summary
A superb Restaurant & Cocktail Lounge for sale, offered with the real estate property and located in a prime area of Northeast Pennsylvania. The business offers fine dining with mid-range prices in a pleasant atmosphere. The restaurant is known for having the freshest seafood in town with a wide array of menu selections and has established for itself a reputation as one of the areas favorite culinary destinations. The staff is very serviceable and delightful which makes for repeat customers. The facility is in a free standing building and includes a large kitchen, a newly remodeled dining room and an attractive oak Bar. There is a private party room included for catering and off premises catering is also available. A valuable liquor license is included in the sale. The seller has elected to retire after many years in the industry and has priced the package sale very reasonably. This is an excellent opportunity to own an established Restaurant Lounge! Facility consists of 3,000 square feet with a very attractive image and ample indoor capacity. The owner has elected to sell the business with the real estate property included. The real estate purchase is available through our real estate division. Ample private parking is also available and included in the sale.
Financials
Asking Price Range: $500K – $1.0M
Gross Revenues: $650,000
Cash Flow: $160,000
Cash Flow Type: EBITDA
Inventory: $140,000 equipment & $1,000 inventory.
Seller Financing: Yes
About The Business
Year Established: 2004
Number of Employees: 20 – 34
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Seller will provide a full due diligence and transitional period. Sale is subject to the successful transfer and approval of the liquor license.
Reason For Selling: Retirement.
