Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$250,000	Inventory	$2,500*
Gross Income	$541,554	Real Estate
Cash Flow	$84,541	Year Established	2005
FF&E	$60,000*	Employees	6 Ft & 15 Pt

* included in the asking price

** not included in the asking price

This restaurant opened for business on Good Friday in 2005 and has since become the place to eat for breakfast and lunch in Cochise County. The Sellers have done an incredible job renovating the once former Rexall Pharmacy and old glass factory next door, restoring the old brick walls, tin pressed ceiling, tiled floor and old soda fountain and bar. The restaurant seats 75 with a dozen or so more at the bar, waiting room with additional space to expand. The new fully equipped kitchen is open for customers to watch as their food is prepared and served by friendly and professional staff. The restaurant is no typical greasy spoon cafe. The Sellers and chefs know what they are doing by offering daily specials, traditional meals and really unusual dishes that draw not only the locals and nearby communities but customers from Nogales and Tucson. It s not unusual to see out of state license plates on vehicles in the parking lot that have come just for the eating experience. Parking in Bisbee can be and usually is a problem for most businesses but the restaurants location provides ample parking. The restaurant has become a part of the Bisbee culture, a gathering place, which has gone from mining town to hippie enclave to artist colony and is now becoming coveted sunbelt real estate. Sellers will help in the transition and are willing to provide financing for a qualified buyer(s) with restaurant experience. Gross Receipts from Jan - Aug were $439,275 and is expected to exceed $650,000 by year end. Net income for the same 8 month period is $55,047 and is expected to pass $82,000 for 2009. Seller's discretionary cash is estimated at $101,247 for the end of 2009.For further information please contact Jerry Doty at Regency Business Brokerage, 520-390-1306 or email to jerry@regencybroker.com

Facilities: 3,000 + sq. ft. of restaurant space. Completely remodeled, and all new kitchen equipment and fixtures. Plenty of room for parking.

Financing: $150,000 down payment, $100,000 balance @ 7% for 60 months

Support/Training: 30 days or as needed.

Reason Selling: Retiring