Restaurant and Bar-New Hope

New Hope, PA (Bucks County)

Restaurant and Bar-New Hope

Asking Price:$1,300,000

Cash Flow:$150,000

Gross Revenue:$1,700,000

EBITDA:$150,000

FF&E:$600,000

Inventory:$10,000*

Real Estate:$700,000

Established:2014

*not included in asking price.

Restaurant and Bar-New Hope

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Business Description

Looking for a place in New Hope to call your own? This location has everything brand new plus you get to own your real estate. The location was built in 2014. There is seating for over 100 and room for expansion. The equipment package and décor are amazing. There is a full POS system in place. They do 65% food and 35% beverage. There is a good mix between dinner and lunch and happy hour. Sales are already at $1.7 mil with plenty of upside. The price includes the business, the liquor license, and the real estate. Walk right into to this amazing place and make it your own.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Price includes approximately 3000 sq. ft. of retail condo in a nice shopping center. In late 2014 the owners purchased the real estate and spent over $600k to build it out as a restaurant. All equipment, furniture and HVAC was new. The location has seating for over 100. The shopping center is the main center in the area and has plenty of parking.
Competition:
Location opened in late 2014 and the owners have done minimal marketing and are already doing 1.7 mi.
Support & Training:
Sellers will work with buyer for a smooth transition. There is a full staff in place.
Reason for Selling:
Retirement and moving out of the area

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Jack Benoff

Business Listed By:
Jack Benoff

Solara Restaurant Ventures

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