Business For Sale Listing 48491
Restaurant & Pub
Status as of Nov-30-2008 at 06:15 PM: Active
Business Summary
This is a popular and locally well-known restaurant and pub that serves a varied fare of delicious, made-to-order entrees, light fare, soups, desserts, and an array of creative drinks. The present owners purchased this historic building to restore it and preserve its history as one of the great food pubs in the area. The restaurant has an "English Pub" style atmosphere and still has the original 1903 carved wooden bar and mirrors. This business has three income streams. First is the restaurant which seats approximately 130 people, serving high quality food such as steaks, fresh seafood, marinated chicken entrees, sumptuous pasta dishes, burgers, dinner salads, etc. Second income stream is the upstairs banquet room that can hold up to 50 people. They regularly do group buffets for wedding rehearsal dinners, business meetings, Christmas parties, birthday parties, and more. The third source of income is rental income. The main building has 18 rooms for rent upstairs and the house across the street has two full apartments. This property also has its own ample parking lot for its patrons, as well as for renters. Asset include $10K Inventory, $95K Other Assets, plus Buildings and Property valued at $618,000. Ask for portfolio number 0087.
Categories
Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand ($337,613) |
| Profits: |
Between $100 Thousand and $500 Thousand ($108,507) |
| Profit Type: |
Cash Flow |
| Fiscal Year: |
2005 |
| Asking Price: |
Between $500 Thousand and $1 Million ($795,000) |
