Lunch/dinner/bar

New Castle, KY Restaurant for sale: newly renovated building that has a small town cornerstone restaraunt and only bar. Have spent enormous $$ to make the place fantastic

Lunch/dinner/bar


The upside of this restaraunt is tremendous, there is no competition for miles and busy courthouse traffic since county seed and nowhere to get a drink an bourbon has invested heavily in the area.



Location

Country:

USA

State or Province:

KY

City:

New Castle

Location Zip or Postal Code:

40050

Listing Information

Service Type:

Sit-Down Table Service

Title of Listing:

Lunch/dinner/bar

Year Established:

5

Number of Locations:

1

Number of Seats:

51-150

Size:

2400, Square Feet

Patio:

No

Number of Employees:

Less than 10

Hours of Operation:

Lunch, dinner, bar can close early as 9 or as late as 12:00

Growth or Expansion Opportunities:

Possibly

Reason for Selling:

Bought building and restaraunt, rather not own the restaraunt

Owner Operated or Absentee Owner or Flexible:

Flexible

Financial Details

Asking Price:

$150,000

Gross Revenue:

350,000

Gross Revenue Range:

Under $500,000

EBITDA Range:

Under $100,000

SDE Range:

$100,000

FF&E Value (Furniture Fixtures and Equipment):

150,000

Inventory Estimated Value:

$150,000

Vendor Financing Available:

Yes

Asset or Share Sale:

Flexible

Real Estate Owned or Leased:

Real Estate Owned

Total Monthly Rent:

$3,000

Financial Comments (include any Financing information that may be useful):

There are many options You can buy building, business, assets,… very flexible and would even entertain a partnership. Great up and coming area with huge upside for sure.

Contact Listing Owner