Remarks

Turn key restaurant with good location on high traffic street with adequate parking and adjacent stop light. Restaurant has been in business for 30+ years with long term manager and has good customer base. Owner is not involved in daily operation and no family members are involved in running the business. Occupancy is listed at 76 with adequate seating in booths as well as additional seating at the counter. Has 2 restrooms with additional entrance on the side of the building. Kitchen has been recently updated and has specialized equipment to handle food preparation, cooking stations, walk-in cooler and refrigerators. The building is one story and consist of 1,887 sf and is located on .40 acres with access from two public streets. Yearly gross sales exceed 1 million dollars and net operating income is priced with a cap rate of 12%.

Details

MLS#: 220206005
Price: $1,100,000

Style: F
Year Built: 1967

County: Klamath
Tax Fee: 3870.00