MergerPlace

Profitable Jumping Restaurant

Pennsylvania (Berks)


  • Asking Price: $320,000
  • Gross Income: $488,000
  • Cash Flow: $72,250
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #210297
  • Established: 2012
  • Employees: 9

Business Description

This popular restaurant has a menu with an island/Latin/Mexican flavor that appeals to a younger crowd and draws in the population of the area. It consistently gets high ratings for its atmosphere. The dance lounge is also available for function rentals.

This turnkey operation, open 6 days from mid-day to late evening, presents a buyer with the opportunity to step into an operation with a proven track record, an established reputation and a recognized staff.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Pennsylvania
County: Berks

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 9

Financial Information

Asking Price: $320,000
Gross Revenue: $488,000
Cash Flow: $72,250
EBITDA: $72,250
Seller Financing Available: Yes

Property Information

Facilities:

The restaurant/lounge has seating for 80-90 in adjoining units of a strip mall. A lot with ample parking is easily accessed from a main thoroughfare. All equipment is well maintained and kept up to date.

Growth & expansion opportunities:

The lounge space can also serve as a function room. It can be operated separately from the restaurant.

Competition:

This restaurant caters to a segment of the population in the area that is significant and yet may be overlooked. The dance lounge tends to attract a younger crowd than many venues in the area.

Reason for selling:

Retirement transition.

Support & Training:

The seller is willing to assist during a transition period to be discussed.

Contact Business Seller

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Business Listed By:

Mike McCarthy

Marathon Capital Advisors