Restaurant and Real Estate For Sale
Restaurants & Food Businesses for Sale
- Primary Category: American Restaurants for Sale
Nostalgic neighborhood restaurant. Includes both the profitable business and real estate. Full-service kitchen infrastructure in place. Established in the late 1950’s and family-run since 1990, this restaurant has been offering nearly seven decades of culinary excellence and history. Currently owned by a family member retiring after 35 years, this is a unique opportunity for a buyer to take over a beloved local establishment. Known for its enormous portions and welcoming, "mom-and-pop" ambiance, the restaurant has a loyal customer base that values its hearty meals and traditional atmosphere with a very loyal customer base and a reputation for the quality of its food and service. This TURNKEY business is ready for a new owner to continue its great run.
The restaurant currently serves breakfast, lunch, and dinner. There is no current liquor license.
Financial Information
- $1,200,000 Asking Price
- $543,000 Cash Flow
- $1,967,000 Gross Revenue
- N/A Down Payment
- Yes Financing
- N/A Adjusted EBITDA
Business Location
- City: Confidential
- State: Ohio
Financing Comments
- Some seller financing to a qualified buyer
Reason for Sale
- Owner is retiring
Detailed information
- Year Established:
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Full-Time Employees: 20
- Part-Time Employees: 13
- Contractors: N/A
- Owner Worked Hours/w: 55
- Inventory Included: No
- Inventory Value: $6,000
- Monthly Rent: N/A
- Real Estate Available: Yes
- Real Estate Included: No
- Real Estate Value: $500,000
- Building Size: 3108
- FF&E Included?: Yes
- FF&E Value: N/A
Real Estate Description
- The building is 3,108 SF and sits on 1.19 acres. The structure was built in 1952 and remodeled in 1980. The property is zoned as a Restaurant. (321-RESTAURANT)
Business Listed by
Roland Rapp
Sunbelt of DaytonContact Business Broker
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