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Business For Sale Listing 141401

Classic Restaurant

Status as of Nov-22-2008 at 06:02 PM: Off The Market

Business Summary

This 20 year old classic restaurant is an institution in its community. Restaurant is located in a city with a rich heritage. City is the hub for a major tourism industry driven by the very large number of Antebellum homes in the region.

Restaurant is in a large leased building of about 6000 sq ft. It seats 125 people. Lease rate is a very affordable $3000 / month. Restaurant has very charming visual appeal both inside and out.

Community where the restaurant is located is a great place to live and raise a family. It has all the old southern charm of a historic town. The public school system is excellent. There is abundant, affordable housing, many with large or acreage lots. There are lots of outdoor sporting opportunities like hunting, fishing, hiking, camping, etc. Area is touted to have some of the best deer hunting in the nation.

Restaurant has a large loyal base of regular customers along with a number of tourist customers. Restaurant is eligible for 3 video poker gaming machines and the application for the machines is applied for. The machines should add nicely to net income.

Seller will thoroughly train new owner on this easy to own and operate business. Seller has some serious health issues and is highly motivated to sell. Seller has priced business very affordably to facilitate a quick sale. Seller is open to substantive offers. Seller will seriously consider and promptly respond to all reasonable offers. Come see, be impressed, make offer. Hurry, somebody is going to get a good deal.


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Industry

Sector: Accommodation & Food Services
Industry: Restaurants

Location

Classification: United States // Midsouth States // Louisiana
Location: Feliciana's

Financials

Sales: Between $100 Thousand And $500 Thousand   ($350,000)
Profits: Under $100 Thousand   ($40,000)
Profit Type: Cash Flow
Asking Price: Less than $100 Thousand   ($95,000)
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