Restaurant/Bar for Sale or Lease

Location, Location, Location. This restaurant is located at the intersection of three major Highways (67, 64 and 167) with daily traffic of more than 18,000.   

This dream Restaurant is the only restaurant that can sell alcohol in our county (at dry county, just got it more than a year ago). It is located in a small town Bald Knob, besides travelers from the highways, it has a customer base covering more than 50 miles.  

It is in operation daily, so you could have immediate cash flow. Established in 1938, the building was rebuilt in 1999, and we just finished remodeling in 2005. Neighboring properties include three local motels, bank branches, convenience stores, retail buildings, and residential areas.

The restaurant is equipped with a large kitchen that includes a 250 foot walk-in cooler, 150 foot freezer, and an individual small reach-in freezer and cooler. We have 3 POS stations and a surveillance system.  

The property consists of a 7,333 square foot full service restaurant.  The public part of the building consists of 4,555 square feet and an entry hall with 378 square feet. It has a dining capacity of 214 people. The server areas and kitchen and storage comprise 2400 square feet. 

This restaurant has a great reputation for excellent food and service. You can create you own theme: Mexican, Italian, Steak House etc.  

We recently spent over $100,000 to install some beautiful attractive neon signs that can be seen from miles and a state of the art 2’x11’ LED graphic and message display sign that faces all the traffic. Inside the dining area there is a 54” indoor LED message display.  Last but not least we put in all new butcher block table tops and wood-like steel chairs and a new decorated concrete floor for the whole restaurant. 

We are located in White County,at the center of Arkansas and the Natural Gas Companies just start drilling and producing Natural Gas in this area known as the Fayetteville Shale Play. Potential for growth is enormous.   

If you want to lease, you have to buy the Operation, which includes all the equipment and furniture and the alcohol license for $150,000. With $150,000 you own everything except the Estate. With five years Leasing term, you pay $3500/month.  You can buy the whole package, that is the operation, equipment and the real estate; (nor negotiable, because the price was reduced from $850,000. After all, only the Real Estate were appraised for $600,000 in 2005).  I will sell it at $625,000. This is a wonderful opportunity for investors too.

If you have good experience in running a restaurant and with fair credit, now you have a wonderful opportunity to buy this restaurant for as low as $62,000 in cash (10% of the value). This opportunity will end at the 15th of December 2009.

The economic stimulation plan introduced by our new President, part of the money is flooded with the SBA. The SBA is eager to made loans to people like you an me. If you buy a business before December the 15th of this year and you are qualified for the loan. You will getting 90% of guarantee  (it was 75 to 80 %) and also you will get a tax credit of $8000. Just Google "SBA Loan Stimulus package", you will get all the infomation you need.

One last advice, if you really want to take this advantage, you have to complet the transation ASAP because it take time for the SBA Loan's process to get throught.

If you are interested in the restaurant, please don't ask how much I made, all I can tell you is I have this restaurant for 10 years (without alcohol License) and still going, No matter how much I made, it is not going to gurantee you the same. Come look at it. If you know what you are doing; it has huge potential. If have the knowedge of liquor; this is a "Gold mine waiting for you to "dredge".

This restaurant is in an excellent condition.  After years of working, my kids are grown and gone and my grandbaby just turn one year old. I want to slow down and take time to smell the roses, and most of all, my wife and I want to spend more time with our grandson.