Request More Information Contact the Seller

  • RE:  Full Service Restaurant
  • Contact:  Claudia Smith

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $2,863,885
Net Profit: Not Disclosed
Cash Flow: $512,445
Total Debt: Not Disclosed
FF&E: $134,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 36
BBN Listing #: 937840
Broker Reference #: 8002-18185

Email or Print Listing

Business Overview:

Listed by Trip Advisor as one of the top ten restaurants in the region, this has been a popular family owned and operated fine dining full-service restaurant for over 23 years.  This "gem" of a casual fine dining restaurant has an upscale ambience and menu, as well as, a full service bar.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

There is over 10,000 square feet of restaurant which includes the kitchen and two banquet rooms. There is ample parking and an additional lot after business hours for overflow in the busy evenings. The building construction is wood and concrete has easy access for persons of all abilities.
Lease terms are: 10,000 square feet at $13,320/month including CAM charges; 3 year’s remaining; with 2 - 5 year options to renew.
 
Assets = $184,275

Market Competition and Expansion:

The restaurant ranks in the Top Ten Restaurants by Trip Advisor in the Region beating our most local competition in the casual fine dining category. IBISWorld reports: High Revenue Growth (2018-2023) High Revenue Growth (2023-2028) The restaurant industry was hit by the pandemic and recovered quickly. Social distancing regulations resulted in a drop in sales, which was quickly followed by a jump in revenue, driving the recovery. Both consumers and businesses benefited from the financial support offered by the government during the pandemic. This came in the form of stimulus checks and loans developed specifically to combat the effect of the pandemic on the economy. Due to these trends, revenue has been growing at a CAGR of 2.6% over the past five years and is expected to reach $86.4 billion in 2023. This includes a 2.1% jump in 2023 alone. New ownership could hire more wait staff.

Reason for Selling:

Owner is retiring.

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Relevant Links:

Request More Information

BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!

    Add Businesses and/or Franchises
    To Basket For Free Information

    This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Review our cookies information for more details.