Sold
Price Improvement: LOCAL FAVORITE – MAX’S EATERY WITH LIQUOR LICENSE INCLUDED
Price Improvement: Local Favorite - Max's Eatery With Liquor License Included
Lancaster, PA (Lancaster County)
Asking Price:$570,000
Cash Flow:N/A
Gross Revenue:N/A
EBITDA:N/A
FF&E:N/A
Inventory:N/A
Established:2018
Business Description
Located in High Traffic Area with Loyal Patrons and Liquor Licenses
Video Walkthrough - https://youtu.be/h_EvG5fxuxI
You’re going to want this!! Seller Financing Available – Over 9000 annual contactable diners. Make an Offer Today!!
38 W. King St, Lancaster, PA 17603
At a Glance
Perfect location in downtown Lancaster on the major thoroughfare through the city and adjacent to the convention center with the largest hotel in the county, farmers market, and theater. A local favorite with an incredibly loyal customer base of nearby local residents and business professionals in the downtown corridor is on the market for the first time. The interior provides an open format with a large bar with seating, updated equipment, and historical accents like a fireplace with original wood flooring that is turnkey for the buyer.
The Numbers
Asking Price: $630,000 "Asset Sale, Make an Offer"
Liquor License: Yes "R" License ($390,000)
Sq Ft: 4,000
# Of Seats: 120
Listing Features
FF&E: Included - A technology forward and fully enabled space that includes a wired Toast POS system with handhelds, touchscreen expo, bar & kitchen ticket routing, and QR code table-side ordering. This is the perfect opportunity for a strong operator to hit the ground running as the active customer base of 9600 email-contactable annual active diners (with a 50% email open rate) provides the perfect jumpstart.
Real Estate: Leased
Year Established: 2018
Support/Training from Sellers: Yes - Grant funding is also available as part of the acquisition to help offset the buyer’s debt service as part of the PA Improvement Zone Grants.
Reason for Selling: Moving Out of Town
Map of Local Favorite – Max’s Eatery With Liquor License Included
Detailed Information
- Location:
- Lancaster, PA
- Facilities:
- A technology forward and fully enabled space that includes a wired Toast POS system with handhelds, touchscreen expo, bar & kitchen ticket routing, and QR code table-side ordering. This is the perfect opportunity for a strong operator to hit the ground running as the active customer base of 9600 email-contactable annual active diners (with a 50% email open rate) provides the perfect jumpstart.
- Support & Training:
- Yes - Grant funding is also available as part of the acquisition to help offset the buyer’s debt service as part of the PA Improvement Zone Grants.
- Reason for Selling:
- Moving Out of Town
- Franchise:
- This business is an established franchise
- Business Website:
- https://sofrankoadvisors.com/listing/prime-lancaster-location-and-rare-liquor-li
Business Location
Contact Form
By clicking the button, you agree to BizBuySell’s Terms of Use and Privacy Notice
Business Listed By:
Justin Staub
SOFRANKO ADVISORY GROUP, LLC
Sponsoring Broker:
Ronald A. Sofranko, Principal
Listed By: Justin Staub
Background information
Reference:
22-202
Year established:
2018
Reason selling:
Moving Out of State
Operations
Equipment:
Single door freezer 2 door freezer 3 sandwich prep coolers 6-foot griddle Soft serve ice cream machine Double stack convection oven 2 x 2-door coolers 3 under counter coolers at bar 4 tap undercover cooler for beer 2nd walk in cooler downstairs in large basement for storage 2 x 3 spindle milkshake blenders 2 x 35lb fryers 20-gallon steam kettle 6 burner range with broiler and oven 35x tables 80x chairs Smallware
Premises
Square footage:
4000
Rent and lease terms:
Lease
Location:
Close to theaters, convention centers, hotels, farmers' markets, and urban residents
Opportunities
Growth:
The current restaurant has a lower average check, so a new concept has the potential to increase the average check through higher-cost entrees and alcoholic beverages
Market:
Excellent location in a growing city in central Pennsylvania
Price and terms
Price:
$570,000
Financing:
No
Training:
Yes