1373 George Washington Way

Description

Own your own Business and Real Estate and build your own wealth. For decades the Uptown Bar and Grill (UB&G), located in North Richlands Uptown business district, has been a favorite meeting place for beverages, pull-tabs, delicious burgers and friendly service. The strong traffic flow from George Washington Way (north and south) is a compelling locational feature. McDonalds and Denny's are located one block to the south. UB&G is a high net income business producing a pre-tax net profit in 2024 of $413,000 and $635,000 projected for 2025. This long-standing business is a total turnkey opportunity. The business can be purchased separately for $2,000,000 (approximately 2.15 x gross profit and 1.25 x gross revenue; well within comparable statistical parameters). Seller would consider a carry-back contract on the business and rent the building for $4,000/month/absolute NNN to a qualified buyer. The business and building can be purchased together for $2,600,000; If the business only is purchased the buyer cannot purchase the building until the business is paid off. Financials and FF&E information will be provided during the Due Diligence period and only after a confidentiality agreement is executed. The buyer will need to provide a resume and financial statements.