Heber Valley's Most Popular Restaurant and Bar

Wasatch County, UT

Seller Financing Available
Heber Valley's Most Popular Restaurant and Bar
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Asking Price: $315,000

Cash Flow: $141,209

Gross Revenue: $749,433

EBITDA: N/A

FF&E: $241,000

Inventory: $20,000

Rent: $0.00

Established: 2006

Heber Valley's Most Popular Restaurant and Bar

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Business Description

Highest Yelp Rating in the Area

This multiple award-winning restaurant serves contemporary American cuisine and has become a favorite for both locals and tourists. Their freshly made meals are focused on quality ingredients and unique flavors sourced locally whenever possible. The restaurant’s vibe is fun, hip and inviting. They have a full liquor license and added menu items including gluten free, vegetarian, gourmet desserts and child friendly options. The menu is well thought out and reflective of their customers desire for healthy and great tasting food, at reasonable prices. This restaurant consistently earns praise and excellent rankings from both professional critics and locals alike. The restaurant has limited off-site catering and has identified this as an area of future growth.

Detailed Information

Location:
Wasatch County, UT
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,483
Lease Expiration:
N/A
Employees:
17
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant opened in 2006 after an extensive renovation of the building’s systems, interior and equipment. The restaurant is approximately 4,500 sq. ft. The casual, friendly and up to date facility lends itself to a growing clientele in the fastest growing area of Utah. The décor is both inviting and fresh. All equipment, furniture, fixtures, flooring, etc. are in good working order.
Competition:
The restaurant was the first in Wasatch County to bring contemporary food without Park City prices. Their space is larger than area competitors, enabling them to be one of the few venues capable of accommodating large parties and special event crowds, which fill the Wasatch Valley. Their large parking lot is one of very few in the County capable of accommodating recreational vehicles and trailers, common to the area.
Growth & Expansion:
The current owners have identified several opportunities for growth including the immediate possibility of opening for Breakfast where there is currently limited competition. There is also an opportunity for a new owner to expand the catering operations, particularly in the full-service area and large events. Because of the spacious parking lot, a new owner has a possibility of increasing the current seating capacity via outdoor seating (covered and uncovered.)
Support & Training:
2 weeks
Reason for Selling:
retiring
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(from currently available funds)
 
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Luke Hoffman

Business Listed By:
Luke Hoffman

Transworld Business Advisors of Utah

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Sponsoring Broker:
Saul Komisar

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