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Restaurant and Bar with Property

Full service restaurant that has been in business for over 37 years. Current owner acquired in 1972. He later acquired the real estate in 1978. In 1997, he sold the business and held onto the property with the intention of retiring. Due to the economy, road construction out front of the restaurant, poor management, zero remodeling, no advertising and an owner who did not re-invest any of the money the business made, the sales declined year after year. In March of 2008, the current owner took the business back and after much consideration, has decided not to put in the time and money necessary to revive the business. To this day, they still don’t do any advertising, yet they manage to do just under $400,000 in gross sales. Strategically located near major office parks and hundreds of homes. Positioned to take advantage of the local weekday lunch market and corporate catering, in addition to offering full service dining and delivery to residential communities. Plenty of parking and great visibility from both the road and the park across the street. Restaurant/bar has 165 seats consisting of 15 seats at the bar, 56 seats in the bar area, and 94 seats in the main dining room. 2 parking lots included in the sale with 3 entrances. They also offer take-out and delivery in addition to dining in. There is even a side entrance for pick-up customers. The sales breakdown is roughly 75% dine in, 20% carryout and 5% delivery. There is a liquor license that allows them to serve alcohol until 1am on weekdays and until 2am on Friday and Saturday. This business really has a lot of potential. They have a large bar area with outdated TVs and don’t actively promote the bar business. There really isn’t any competition in the area. This place would make a great sports bar.