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Just Reduced: Award Winning Popular Restaurant

Newtown, PA (Bucks County)

Just Reduced: Award Winning Popular Restaurant
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Asking Price: $700,000

Cash Flow: $307,000

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: $75,000

Inventory: N/A

Rent: $9,000 /Month

Established: 2008

Just Reduced: Award Winning Popular Restaurant

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Business Description

This well known popular fine dining Restaurant also offers Catering and Private Parties and has been the go to staple in the area in addition to a destination. Winner of 2019 Diners Choice Award.

The business has been in operation for over 8 years with the present Owner.

The high end decor of this property consists of 4000sq.ft +/- and has 130 seats inside and an additional 45 outside dining,

Present Owner only puts in 5-6 hours a week.

A trained Chef/Owner could increase profits.

The staff is highly trained and willing to stay with a new Owner..

Owner states that his income from this business is in the 6 figures.

Average ticket per person is about $47.00

Fabulous opportunity to take over this Business.

If you like to find out more please contact:

Michael

Detailed Information

Location:
Newtown, PA
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
N/A
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautiful Restaurant well appointed both inside and outside. Large area for outside eating.
Competition:
Their are some other Restaurants in the area, however this business is so well know it has no effect.
Support & Training:
Support is their since the staff is willing to stay on.
Reason for Selling:
Seller has many other businesses
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Mike Riccardi

Business Listed By:
Mike Riccardi

M. Riccardi Agency Inc.

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