Landmark Restaurant with Real Estate

Chester County, PA

Landmark Restaurant with Real Estate
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Asking Price: $1,450,000

Cash Flow: $175,000

Gross Revenue: $2,000,000

EBITDA: $175,000

FF&E: $600,000

Inventory: $10,000*

Real Estate: $1,600,000

Established: 1987

*not included in asking price.

Landmark Restaurant with Real Estate

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Business Description

A once in a lifetime opportunity is here for you to own a restaurant that has been owned by the same person for over 30 years and includes the real estate. This location is a landmark in the area. The restaurant and bar are only open 5 nights a week. They have full staff in place to make an easy transition for a new owner. The restaurant has several dining rooms, a nice bar. The location was just ranked number 1 in the category by a Philly publication. Their average cover is over $60 per head. Many staff members have worked at the location for over 20 years. The real estate was appraised at over $1.6 mil.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
15,000
Employees:
35
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant seats over 250 people and is over 200 years old. It has a new POS system and large kitchen. It is situated on over 5 acers and has 2 other buildings that house 3 rental units
Competition:
The current owner has over 7000 people in his mailing list but does very little with it. He also is not open for lunch and turns away catering and function requests. He does no advertising.
Support & Training:
There is a full staff in place and the seller will stay to help with a transition
Reason for Selling:
retirement after 32 years
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(from currently available funds)
 
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Jack Benoff

Business Listed By:
Jack Benoff

Solara Restaurant Ventures

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