Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$625,000	Inventory	$10,000**
Gross Income	$425,000	Real Estate	$392,000*
Cash Flow	Not Disclosed	Year Established	1934
FF&E	yes*	Employees	12

* included in the asking price

** not included in the asking price

Smith s Restaurant opened in 1934 at its present location, 1402 Cedar Avenue, Scranton, PA. It is currently the oldest business in the City of Scranton continuously owned by the same family. The restaurant serves breakfast and lunch Monday through Saturday. Smith s does on premise catering of funeral breakfasts, communion luncheons, and business meetings. The restaurant seats 30 in the diner section, 30 in the small dining room, and up to 100 in the large dining room. The entire seating capacity is 160. A resturant liquor license for the location is currently available. The resturant does not serve alcholic beverages at this time.

Facilities: The building is 3,834 square feet and has paved off-street parking. The lot size is 118 feet x 150 feet. Real Estate taxes total $10,623. An appraisal of the building, excluding contents, performed in October 2007 totaled $392,000. Both the roof and the wiring have been updated within the last 3 years.

Financing: None

Support/Training: The seller will be available for 30 days to assist in the transtition of ownership.

Reason Selling: Other Interests. Owner is an elected State Representative.