Business For Sale Listing 115256
Restaurant
Status as of Nov-21-2008 at 06:07 PM: Off The Market
Business Summary
This family-style restaurant in Franklin County, Pennsylvania, prides itself on its home-cooked, fresh foods. The profitable restaurant serves breakfast, lunch and dinner. It also provides banquets with private buffets and a private room seating up to 90 people. The restaurant is known for steaks, seafood and leg of lamb, and it is the only family-style restaurant in the area. The restaurant has been in the same family since it opened. Three of the employees have been with the restaurant for about 10 years, and all the employees are hard working and friendly. The restaurant has a high number of loyal, repeat customers who come to it from an 80-mile radius. They return for the quality food, good prices and great service. Its customers include tourists, locals and even Jimmy Carter, who ate there in 1978. The restaurant is located on a scenic route and has become a destination point for people interested in driving to the mountain. The restaurant’s large windows and numerous birdfeeders provide a beautiful and relaxed setting.
The restaurant is located in a 4,232 square foot building on a 22,000 square foot lot on a state highway. The restaurant contains two dining areas, a kitchen, a kitchenette for banquets, an office and ample storage space. The site has parking for more than 30 cars with additional parking across the street. The property contains a 2-unit condominium that also would be sold with the business. The upper floor is a fully furnished two-bedroom apartment. The sale includes the apartment’s furniture and major appliances, such as stove, refrigerator, washer and dryer. The lower apartment has two bedrooms and a bonus room. Both are rented out.
The owner might be willing to stay on for up to six months following the business sale to facilitate a smooth transition.
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Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand ($433,715) |
| Profits: |
Between $100 Thousand and $500 Thousand ($102,148) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Between $1 Million and $2.5 Million ($1,400,000) |
