Well known Restaurant (food & alcohol) In a City West of Toledo
Business Description: A well known and well established gathering place for breakfast, lunch, dinner, or just appetizers and drinks plus the occasional music entertainment event on the downtown main street.
Financial Performance: Gross Annual Revenues consistently approach $1M with Seller’s Discretionary Earnings of approximately $200,000 annually.
Why a Tremendous Opportunity – Major Attributes:
Tremendous Net Profit and SDE
Consistent Revenues approaching $1M annually
Well known and well established – generations served
“Only game in downtown”
Simple, small, turn-key staff and operation
Reason for Selling: Owner desires to travel and spend time with aging parents.
Asking Price: Business: $429,000 + Inventory at Cost
Building: $89,000 or agreeable lease terms
If you have an interest in further exploring this opportunity, please contact me by phone or email. The signing of a Confidentiality Agreement will be required before the identity or Selling Memorandum will be released.
CPT Codes most frequently billed: 3678, 36471, 37765, 93880, 99214, 99204, 93970, 29580, 76942, 75894, and A6534
Current Staff: Utilizes a senior vascular tech at $45/hour, a vascular tech at $35/hour, an LPN at $21/hour and his wife as an administrative/bookkeeping assistant, all on an as needed basis.
Building Information: Currently maintains a month to month tenancy relationship with his landlord for approximately 1,129 sq. ft. for $1,200/month with utilities included. The office is divided: 355 sq. ft. – front patient waiting area and front desk; 145 sq. f t. – Exam Room One; 288 sq. ft. – Exam Room Two; 180 sq. ft. – Physician Office/staff lounge; 24 sq. ft. – Restroom. Adequate parking is provided.