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Full-service Restaurant & Bar w/Catering & Private Parties #0380

Pennsylvania : Restaurants
Listing ##0380

This legacy restaurant and bar has been operating since 1946, within a thriving city of northeastern Pennsylvania. The full-service dine-in restaurant has sustained an impeccable reputation based on its delicious menu selections, high-quality service, excellent decor, and friendly atmosphere. It's well decor dining area that provides extensive seating, separation from the bar area, with additional dining room and private seating. The bar area is equipped with big screen TV's, pool table, music, and video games. The fairly-large facility is located in a high-traffic area that provides great exposure and accessible access to. With its established location, the community experiences high tourism, which has been a great asset to the restaurant and bar as it is the highest producing hospitality business in the area. The owner is ready to proceed with other opportunities and is ready to transition this lucrative restaurant and bar to the next owner. Inquire today to learn more details about this rewarding opportunity. Assets are to included approximately $60,000 in average inventory, $250,000 in equipment, $50,000 in fixtures and furnishings, and $150,000 in liquor licenses. The building and property are also included and valued at $725,000. Ask for portfolio #0380.

Asking Price:

$1,459,000

Gross Income:

$710,176

(last 12 months)
Cash Flow:

$39,496

(last 12 months)
Inventory Value:

$60,000

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: Yes Home-based: No
FF&E Value: $300,000 Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $725,000 Number of Employees: 0
Real Estate Square Footage: 0

Contact Seller for Additional Information

If you are interested in finding out more information, please contact the seller.


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