Business For Sale Listing 150172
Established Neighborhood Grill w/Beer & Wine
Status as of Nov-21-2008 at 06:00 PM: Active
Business Summary
This quick service restaurant is located in a quaint shopping center ideally located to serve the immediate neighborhood and its residents. Successfully operated for over 16 years by the existing owners, the business is known for its excellent burgers, a family friendly environment and great customer service. A new owner may continue the tradition of this long standing concept or implement any new concept except for pizza or Mexican food. The restaurant has long been a community favorite spot to enjoy a quality burger and beer while watching the Padres or Charger games, or watch Sunday and Monday night football.
The business is housed in a 1,805 sq. ft. facility which leases for $3,700 per month. The lease will expire in 2010 and has one 5 year option to renew. All of the business assets will transfer in the sale including the furniture, fixtures and equipment, beer & wine license, name, signage and goodwill.
Competition is low as this restaurant is located in a shopping center within a primarily residential community. The business is complemented by a Mexican restaurant and pizzeria but has little direct competition within the area for its food segment.
The business has much room to grow. A buyer may seek to create a tavern style environment which would likely increase beer and wine sales, while providing comfortable setting for patrons to watch local games on the existing flat screen televisions. Additional marketing to the local community via direct mail, mobile advertising and little league sponsorships should also increase revenues and help the buyer capitalize on the 16 years of established goodwill. A buyer may also seek to expand the existing menu with additional items such as salads and vegetarian dishes to cater to additional customers.
Categories
Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand ($265,912) |
| Profits: |
Under $100 Thousand ($62,572) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Less than $100 Thousand ($87,000) |
