Exceptional Turnkey Restaurant Opportunity – Established Family Business Since 1989Rare opportunity to acquire a well-established, family-owned restaurant that has successfully operated from the same prime location for over 37 years. This long-standing business has earned an outstanding reputation within the community for its quality food, exceptional service, and loyal repeat clientele.Specializing in pizza, steaks, and a diverse menu, the restaurant is fully operational and ready for a seamless ownership transition. The premises offer approximately 2,000 sq. ft. of well-designed dining and kitchen space with 62 indoor seats, creating a warm and inviting atmosphere for customers.The business has demonstrated a strong operating history, with average annual gross sales of approximately $700,000 and an estimated Seller's Discretionary Earnings (or net income, as applicable) in the range of $140,000–$150,000. One of the property's most attractive features is its affordable lease of approximately $7,000 per month, offering excellent occupancy costs relative to its size and revenue history. The established customer base, strong goodwill, and recognized brand within the community provide an outstanding foundation for continued success.This business is ideally suited for owner-operators, experienced restaurateurs, family businesses, or investors seeking a proven operation with significant goodwill and future growth potential through expanded marketing, catering, delivery services, extended operating hours, or menu enhancements. (id:51989)
Features of Unknown Address
- MLS® Number A2330856
- Price $448,000
- Square Footage: 1800 sqft
- Parking Space Total 200
- Plan 00000
Business
| Business Type | Restaurant | Business Sub Type | Restaurant |
Buildings
| Constructed Date | 1989 | Size Exterior | 1800 Sqft |
| Size Interior | 1800 Sqft | Total Finished Area | 1800 Sqft |
Land
| Acreage | No | Size Total Text | Unknown |
| Zoning Description | Com |
Agents and Offices
- Renju Korath
- Office: Lpt Realty