MLS Number 4778165
- Year Built 1987
- Acreage 0.44
Successful and well established breakfast/lunch restaurant with a large following for many years. Located just below Frisbie Memorial Hospital, several medical offices, and close to the downtown district, the business thrives from excellent traffic count and of course excellent food and beverage. Open Wed-Sun from 6AM to 2:30PM, the business already generates appreciable income but also has great potential for much more if open more days and/or some evenings. Very respectable 6-figure Owner's Discretionary Cash Flow and should go much higher being open more days and hours per week. The 2nd floor also has a 3 bedroom apartment...market rent in the $1,200 to $1,400 range (currently an employee lives there). After over three decades of highly success restaurant ownership in the area, owners are ready to explore new horizons to help veterans and the unfortunate and wish to put there years of work into then hands of someone ready to continue and grow the success of this business. The Land and Building are valued at $425,000. Business including F, F, &E (estimated F, F, & E $68,000) will total $225,000. Great value and opportunity at $650,000. Property and business sold together. Financials are available to serious buyers with confidentiality agreement executed.
Listed by Chris Vachon of Keller Williams Coastal Realty