This is a relatively new restaurant located in Independence, Kentucky. The facility and restaurant are less than three years old. The restaurant sales are currently around $55,000 per month. In the first year the restaurant was open (2009) monthly sales were $80,000. The decline is attributed to both the economy and increased competition.

The business is operated on a somewhat semi-absentee basis. The business is marginally profitable on an adjusted cash flow basis.

INVESTMENT HIGHLIGHTS:

The area is growing with new businesses and population growth. A new, large apartment complex is opening shortly nearby.
Good staff
Turnkey opportunity
Full Liquor License with Sunday sales
Seating capacity: 177 including bar area and party room
Priced well under cost to built and equip
Leased facility with possibility of purchase at a great price
PURCHASE PRICE:

The business is being offered as an asset sale, free and clear of all debt and liabilities for $269,000. Included in the sale are furniture, fixtures and equipment, all food and beverage inventory, website, and other intangible assets.

The owner spent over $295,000 on equipment & furniture. Additional build-out costs absorbed by the owner estimated at over $100,000.

A more active owner or a change in concept, plus acquiring it under cost, could make this an excellent acquisition.

Sales for 5 months thru May 2011 = $277,000
Sales for 2010 = $689,000