Description
Long time successful seafood restaurant in high traffic location. This operation has been in business for 30 plus years and now it's time to pass the baton to a new owner and for the the current owner to transition into retirement. The sale price includes the main 3000 SF building housing the restaurant and all equipment plus a fenced vacant lot 2 doors west which is used for storage and contains a freezer unit and storage containers plus a a converted shipping container housing "Archer Dogs" (hot dog stand) which will be ready and licensed to operate shortly. 2020 and 2021 sales revenues were at or near $750,000 as reported on the owners tax return. 2022 sales are looking to be in the same range showing consistent and dependable returns. This is a turn key ongoing entity which includes training. Also included are income from gaming machines, the liquor license for beer and wine, all equipment (including the hot dog stand), and inventory included at cost. Please feel free to stop by for a meal but refrain from talking to employees and customers. Business and Real Estate can be sold separately. Business price in this scenario would be $ 695,000. The price for the Real Estate including the main building and the storage lot 2 doors west would be $ 600,000. An installment sale may be possible and would be considered on a case by case basis.
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Long time successful seafood restaurant in high traffic location. This operation has been in business for 30 plus years and now it's time to pass the baton to a new owner and for the the current owner to transition into retirement. The sale price includes the main 3000 SF building housing the restaurant and all equipment plus a fenced vacant lot 2 doors west which is used for storage and contains a freezer unit and storage containers plus a a converted shipping container housing "Archer Dogs" (hot dog stand) which will be ready and licensed to operate shortly. 2020 and 2021 sales revenues were at or near $750,000 as reported on the owners tax return. 2022 sales are looking to be in the same range showing consistent and dependable returns. This is a turn key ongoing entity which includes training. Also included are income from gaming machines, the liquor license for beer and wine, all equipment (including the hot dog stand), and inventory included at cost. Please feel free to stop by for a meal but refrain from talking to employees and customers. Business and Real Estate can be sold separately. Business price in this scenario would be $ 695,000. The price for the Real Estate including the main building and the storage lot 2 doors west would be $ 600,000. An installment sale may be possible and would be considered on a case by case basis.
© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Suburban Life Realty.
Based on information submitted to the MRED as of 2023-01-31T11:59:46.683 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information.
Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
Digital Millennium Copyright Act