Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$195,000	Inventory	$1,200*
Gross Income	$248,000	Real Estate
Cash Flow	$95,000	Year Established	2001
FF&E	$40,000*	Employees	7 pt

* included in the asking price

** not included in the asking price

Well established (since 2001) breakfast and lunch diner that is well decorated and kept very clean by the owner and staff. Excellent location. The restaurant is patronized by steady and regular clientele. Staff is trained and reliable. The menu is simple, easy to learn. Fully equip kitchen, well laid out makes it an efficient place to work. The business is very profitable due to the very low rent and the fact that the cost-of-goods sold are running about 29% of sales. ON THE TAX RETURNS, sales have averaged $248,000 during 2004, 2005 and 2006 with Seller s Discretionary Earnings averaging over $70,000 during the same period. There is seating for 28 inside with an additional seating for 10 outside during April-October. Included in the sale are all the restaurant fixtures and equipment, the rights to the name, rights to the telephone number and rights to the lease, as well as 2 weeks of training. Good Seller financing.

Facilities: The business leases approximately 650 sq. feet with very good visibility on a very busy street. There is a similar size area for storage in the basement that is included. Seller is paying $750 per month and includes property taxes, Common Area Maintenance, water and sewer. Landlord will offer a multi-year lease to new owner. This is an excellent rate in A+ location!

Growth/Expansion: Currently only open 6 days a week and can be expanded by opening 7 days per week.

Financing: With down payment of $117,000, Seller will finance balance

Support/Training: Seller will provide 2 weeks of training included in the sale immediately after closing.

Reason Selling: Relocating to west coast