Well-Established Restaurant & Lounge with Real Estate
This historic American restaurant represents a rare opportunity to acquire an 80+ year legacy business with substantial growth potential. Established in 1942, this beloved dining establishment has maintained a loyal customer base and a highly respected reputation for exceptional food and hospitality throughout multiple generations.
Business Overview:
Currently operating as a scaled-back, part-time operation due to owner's desire to retire. This restaurant offers tremendous upside potential. The business includes a full-service restaurant and lounge component, positioned in North Meridian's desirable and rapidly growing food service commercial district.
Key Assets Included:
- Complete turnkey operation with a modestly estimated value of $80,000 for furniture, fixtures, and equipment
- 3,435 square foot building and real estate valued at $175,000
- $14,000 inventory package including food and lounge inventory
- Established customer base spanning decades
- Prime location blocks from one of the city's busiest thoroughfares
Growth Opportunities:
The current part-time operational model presents significant expansion potential including:
- Extended operating hours to capture additional revenue
- Full development of the lounge operation
- Enhanced marketing and promotional activities
- Leveraging the established brand recognition, customer loyalty, and convenient access
- Developing a Website and social media presence
Location Advantages:
Situated in North Meridian's thriving commercial district, the property benefits from continuous area growth and high visibility. The location is well-suited for various full-service restaurant concepts and has adequate parking for future growth.
Financial Structure:
Asking price of $269,000 includes a complete turn key operation and represents excellent value considering the substantial FF&E package, inventory, and real estate inclusion. Owner financing is available for qualified buyers, covering real estate, furniture, fixtures, and equipment components.
Transition Support:
The retiring owner will provide comprehensive training and support per negotiated purchase agreement terms, ensuring smooth operational transition and knowledge transfer of this time-tested business model.
This opportunity combines the stability of an established operation with the growth potential of an underutilized asset in a prime market location.
Ad#:2396387
