Popular Restaurant and Bar Near Lake, With Rental Property Included
Hickory County

Lake restaurant and bar for sale on a local lake with strong regional and tourist business. This location has been a restaurant for more than 3 decades and has loyal customers from near and far as it is a popular summer holiday destination. The building is included in the sale, along with an income-producing residential rental that could also be used for an Air B & B. The proximity to the lake and marina makes it a strong source of additional income.

The property also includes commercial-zoned land for additional business ventures and an abundance of parking for the restaurant.

This restaurant has existing, long-term weekly and monthly events set up, all of which are low or no cost to the restaurant to offer. These events provide a secure line of income weekly.

The price on the complete package is $600,000.00. Owner willing to accept 20% down and finance the remaining balance at 5% interest.

Included in the sale: The restaurant and bar business and building, rental property, commercial property ready for development, large parking area, fully stocked kitchen, and fully stocked bar.

Listing Number:

23863

Category:

Food - Restaurant

Location:

Hickory County
$600,000

Financial Information:

Gross Revenue:

$558,760

Listed Price:

$600,000

Down Payment:

$120,000

Total Income:

$22,007

Year Established:

N/A

Lease Information:

Square Feet:

3400

Total Rent:

$0

Lease Expiration:

N/A

Lease Options:

N/A

Asset Information:

Leasehold Improvements:

$0

Equipment / Fixtures:

$80,000

Inventory:

$24,000

Other Assets:

N/A

Additional Information:

Full-Time Employees:

2

Part-Time Employees:

10

Special License Required:

Liquor, Retail Sellers

Contract Labor:

0

Training Period:

2 weeks

Reason for Selling:

Retirement

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First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker, Terms of Use before responding to any ad.

brokerPhoto
Jarrod Smalley
Office: | Cell: (417) 861-4182
License #:

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Popular Restaurant and Bar Near Lake, With Rental Property Included
Hickory County

Listing Number:

23863

Category:

Food - Restaurant

Location:

Hickory County

Listed Price:

$600,000
brokerPhoto
Jarrod Smalley
Office: | Cell: (417) 861-4182
License #:

Lake restaurant and bar for sale on a local lake with strong regional and tourist business. This location has been a restaurant for more than 3 decades and has loyal customers from near and far as it is a popular summer holiday destination. The building is included in the sale, along with an income-producing residential rental that could also be used for an Air B & B. The proximity to the lake and marina makes it a strong source of additional income.

The property also includes commercial-zoned land for additional business ventures and an abundance of parking for the restaurant.

This restaurant has existing, long-term weekly and monthly events set up, all of which are low or no cost to the restaurant to offer. These events provide a secure line of income weekly.

The price on the complete package is $600,000.00. Owner willing to accept 20% down and finance the remaining balance at 5% interest.

Included in the sale: The restaurant and bar business and building, rental property, commercial property ready for development, large parking area, fully stocked kitchen, and fully stocked bar.

Financial Information

Gross Revenue:

$558,760

Listed Price:

$600,000

Down Payment:

$120,000

Total Income:

$22,007

Year Established:

N/A

Lease Information

Square Feet:

3400

Total Rent:

$0

Lease Expiration:

N/A

Lease Options:

N/A

Asset Information

Leasehold Improvements:

$0

Equipment / Fixtures:

$80,000

Inventory:

$24,000

Other Assets:

N/A

Additional Information

Full-Time Employees:

2

Part-Time Employees:

10

Special License Required:

Liquor, Retail Sellers

Contract Staff:

0

Training Period:

2 weeks

Reason for Selling:

Retirement

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker,
Terms of Use before responding to any ad.

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