Eric Hibbs - Coldwell Banker McMahan
1092 By-pass Road
BRANDENBURG, KY 40108

$1,350,000

Description

Business is For Sale ($1,350,000) or Lease (Lease $499,000 and $6,500/mo.). Terrific Business Opportunity with rapidly growing market share producing 20% Cap Rate in 2017. Net Operating Income (NOI) i.e. Year Over Year 2016 to 2017 growth was 14%. This is a well establish restaurant business serving a huge loyal customer base drawing from Meade, Breckinridge and Hardin Counties in Kentucky. Severing lunch (35% of Total Business) and dinner seven days a week. Known in the area for their Daily Lunch Specials and Fine Dining with a business casual atmosphere. Fully equipped Bar serves Beer, Mixed Drinks and Liquor by the drink. Business includes Liquor License! Building was designed and built by experienced restaurant owners in 2012 with all New Equipment and High Efficiency in mind. Total seating 148. Includes Private Party/Meeting Room. Slate tile in bathrooms. Stained Concrete Floors for easy cleaning and Low Maintenance. Located in the highest growth area in a 20 mile radius with the busiest road (KY 1051, The Brandenburg By Pass) with 13,049 ADT (Average Daily Traffic) in front of the business. Available for Sale or Lease. Contact Agent Today!

Details

MLS#10033555
Sub-TypeResale
StatusActive
Year2012
Days On Site833

Features

SQ Feet5,035
Story(s)1
ZoningCommercial

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Area Information

StateKY
CountyMEADE
CityBRANDENBURG
Zip Code40108
AreaMeade County
Listing VS Median (in 40108)
Price:
$1,350,000
low | high
Med:
$155,000
100% of Average
SqFt:
5,035
low | high
Med:
1,505
100% of Average
$ / SqFt:
$268
low | high
Med:
$103
100% of Average
On Site:
833
low | high
Med:
58.5
100% of Average
Listing Updated: 10/19/2018
MLS Number: 10033555
Listing Provided By:
Scott Coppage  of  ALL ABOUT HOMES REALTY