This is a Mom & Pop business, he cooks and she waits tables. On busy days the part-time help waits tables also. On Sunday mornings, they close at 11 AM and still gross up to $600.

There is great opportunity for increased profits. When the owners had a Friday night fish fry, they grossed $500 to $600 per evening. One previous owner who stayed open all year and to 4 PM instead of 2 PM grossed up to $180,000 per year.

This business grossed $5,694 less in 2006 than in 2005 due to a medical problem; they were not open as early in the month of September and not as many days per week. The compressor on the reach-in was replaced in 2007 and on the ice cream freezer in 2008. The restaurant has both AC and evaporative cooling, and the lessor pays 50% of the maintenance cost.

With accepted offer based on the above financials and equipment, the sellers will open all of their books for the Buyer's due diligence.

Asking price: $85,000
Down payment: $60,000
Owner finance: $25,000
Receipts in 2006: $61,626
7-month income: $20,748 (closed May through September)