Restaurant, Real Estate with Two Apartments
Location: Pennsylvania > Northampton County > Easton
Industry: Food and Beverage > Restaurants
Financials
Asking Price: $349,000
FF&E: $35,000 (Included in Asking Price)
Real Estate: $399,000 (Included in Asking Price)
Business Summary
This is a great opportunity for a budding entrepreneur to start his or her own restaurant business while generating supporting income at the same time. The Dolly Madison Restaurant is currently only operating from 6:00 a.m. to 5:00 p.m., Monday through Friday and 6:00 a.m. to 3:00 p.m. Saturdays. The property is located in a diverse community and is ready for a new life serving ethnic or bistro food, perhaps a BYOB. The restaurant has seating for approximately 50 with a mix of tables, booths and counter seating. The kitchen was remodeled in 2005. There are two apartments (two-bedrooms each) on the second floor providing additional income or live-in quarters for owner. In addition to the Real Estate, all furniture, fixtures and equipment are included in the sale.
About the Business
Year Established: 1900
Facilities: Free-standing corner building built in 1900. Restaurant, two apartments (two bedrooms each) total 4725 sq. ft.
Market Outlook and Competition: This restaurant has been serving standard breakfast and lunch fare for many years. It is ready for a new life. No other ethnic food service in immediate area (other than Chinese). Kitchen was remodeled in 2005.
About the Sale
Reason For Selling: Retirement
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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