Large Restaurant and Bar Upper Montco

Montgomery County, PA

Large Restaurant and Bar Upper Montco
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Asking Price: Get Financing: $200,000

Cash Flow: $130,000

Gross Revenue: $1,500,000

EBITDA: $130,000

FF&E: $75,000

Inventory: $10,000*

Established: 1948

*not included in asking price.

Large Restaurant and Bar Upper Montco

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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 family since 1948. This location is a landmark in the area. The restaurant and bar are only open 5 nights per week and they also close for vacation a few weeks in the summer. They have a full staff in place to make an easy transition for a new owner. The restaurant has several dining rooms, a nice bar and a patio. They do 70% happy hour and dinner and 30% lunch. They also have a very nice catering business. Approximately 30% of their sales are from beverages. They have a very large kitchen with plenty of room to expend the menu. On weekends they have live music in the bar area. In addition to the price there is also a $75000 escrow fee for the liquor license. Contact us about owning this landmark location.

Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Location is a free standing building on a busy road. There is over 10,000 sq. ft of space plus an outside patio. The business has several dining rooms, a large bar, and two rooms for catering. There is a very large kitchen. There is a nice equipment package as well as a full POS system and a new LED sign. The rent will be $10,000 per month NNN.
The current owners do no marketing or advertising.
Growth & Expansion:
The current owners are only open 5 days per week. They feel they could open 7 but don't want to change their lifestyle. They also feel that a more aggressive catering sales and marketing program should be implemented.
Support & Training:
Sellers will provide training if needed as well as transition any existing catering events that are already booked.
Reason for Selling:
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Jack Benoff

Business Listed By:
Jack Benoff

Solara Restaurant Ventures

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