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American Diner with Full Bar

Salt Lake County, UT

Seller Financing Available
American Diner with Full Bar
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Asking Price: $268,000

Cash Flow: $132,000

Gross Revenue: $714,000

EBITDA: N/A

FF&E: $75,000

Inventory: $3,000

Rent: $11,062,920 /Month

Established: 2000

American Diner with Full Bar

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Business Description

Identified Areas for Significant Growth

For twenty years this Salt Lake City restaurant has had a loyal following and great online reviews. Recipes are well thought out and organized. The kitchen staff is fully intact, well trained and with long tenures. The front staff also has been in place for many years including the management team. The restaurant has a full liquor license and a separate area with a complete bar. This business has been profitable for many years and still growing. The owners are ready to retire and relocate.

Detailed Information

Location:
Salt Lake County, UT
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,740
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant has all of the required equipment, including walk-ins, hoods, grease trap, espresso machines, etc. It is a vast array of equipment that is in good working condition and not being used at full capacity. The restaurant itself has recently been updated and has plenty of room for expansion. • Newly Remodeled Restaurant • Fantastic Online Reviews • Twenty Years Successfully in Business • Full Liquor License • Located Near Many Hotels & Airport with Limited Competition • Room to Expand with Additional Seating • Long Term Lease Possible • Owner Financing Available for a Qualified Buyer • Receiving Customer Stream from Both Locals & Repeat Business Travelers
Competition:
There is limited competition in the area. Many of the neighboring hotels do not have kitchens so they routinely send guests to this restaurant, which is a short and safe walk nearby. That the business has one of the only local liquor licenses within walking distance, is also a tremendous advantage.
Growth & Expansion:
The current owners essentially spend nothing on marketing. There is a built-in base of repeat customers and hotel referrals that keep the sales at a high level. A new owner has the opportunity to build a website and invest in traditional marketing efforts. In addition, the current owner used to routinely reach out to area hotels but have stopped doing that in recent years. Further, although the restaurant has a full liquor license, this is not heavily promoted to customers. An industrious buyer could portion off a part of the spacious facility to cater to a sports viewing demographic without interfering with the existing crowd. The restaurant also does not cater or deliver, which the current owners believe would substantially grow both the top and bottom lines of the business.
Support & Training:
2 weeks
Reason for Selling:
retiring
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(from currently available funds)
 
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Saul Komisar

Business Listed By:
Saul Komisar

Transworld Business Advisors of Utah

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