Seller Financing Available
Gross Revenue: $2,600,000
Real Estate: $2,000,000*
* not included in asking price.
Full-Service American Restaurant
The business is an absentee-operated full-service restaurant primarily operating under two restaurant concepts. Both these restaurants concepts are situated within the same facility located along a historic city street near a magnificent water front. The Restaurant is a well-known establishment in the city and visited frequently by tourists. The layout of the restaurant provides a great atmosphere for eating, drinking, and watching sports with 14-foot ceilings, three bars, three dining rooms, balconies, and a historical ambiance.
The Restaurant operates as a brewpub offering liquor, domestic and local beer, sandwiches, soups and salads, meat, and seafood. Local beer is provided from an onsite brewery. The Restaurant also includes another concept that serves appetizers, soup and salad, burgers, pizza, wings, and offers delivery. * Superior Name and Reputation: The Restaurant’s brand has been built over a decade and is well-known within its region. * Management Will Remain through Transition: Management is willing to stay with the Restaurant during a transition period in order to ensure a seamless transfer of ownership. * Strong Historical Sales Growth: Historically, the Restaurant has grown at a 9.2% compound annual growth rate, primarily driven by growing reputation within the Restaurant’s region and increase in tourism in its market.
Inventory: Not included in asking price
Real Estate: Owned
Not included in asking price
Building SF: N/A
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: The restaurant is located in a leased 12,000 building constructed in 1888 that has been renovated near a magnificent water front.
Competition: Very few restaurants offer the Company’s unique atmosphere, high-quality creative foods, friendly service staff, and high level of service.
Growth & Expansion: During the five years to 2020, industry is expected to experience a 5.5% annualized revenue growth, reaching $6.6 billion by the end of the period.
Reason for Selling: Serial entrepreneur working on the next venture.
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