Laurel Highlands Restaurant/Banquet Center

Somerset County, PA

Laurel Highlands Restaurant/Banquet Center
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Asking Price: $435,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $235,000

Inventory: N/A

Real Estate: $200,000

Established: N/A

Laurel Highlands Restaurant/Banquet Center

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Business Description

Somerset County is the ultimate outdoor playground, no matter what the season and no matter what the age. Skiing, snowboarding, bicycling, kayaking, hiking, boating, bird watching, geocaching, camping, fishing, hunting, cross country skiing, snowmobiling, skeet shooting, golfing, zip lining, ATV riding, are just some of the activities available in Somerset County.

From quality hotels, to cute and quaint B & B’s, campgrounds and hostels, or even one of the world class resort areas, Somerset County attracts hundreds of thousands of tourists each year. Millions of people visit the Flight 93 Memorial and the Quecreek Mine Site all year round.
Bring your concept and come be a part of history at this beautiful, historic space nestled perfectly amongst heavily visited tourist areas!

The Numbers...
? 5,300 SQ FT
? $1.8 Billion+ spent yearly in the Laurel Highlands
? $335.9 million spent in recreation
? 8 State Parks, 2 State Forests and 11 game lands
? Just under 6 acres of useable land with plenty of space for expansion
? Asking Price $435,000 includes R/E, FF&E and Somerset County ‘R’ Liquor License valued at $60K

Listing Features…
? FULLY EQUIPPED KITCHEN
? LARGE BAR WITH SEATING FOR 25+
? Seating for 40+ in the main dining room
? 75+ seat private banquet room
? Plenty of parking to accommodate customers and banquet events
? High traffic area due to proximity to major tourist attraction
? Located on Major Roadway

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
5,300
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
No direct competition as close to heavily visited tourist areas
Growth & Expansion:
Nearly 6 acres of level, usable land for expansion.
Reason for Selling:
Retiring to be with family and grandchildren
Contact Seller

Contact the Seller

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Jocelyn Bishop

Business Listed By:
Jocelyn Bishop

SOFRANKO ADVISORY GROUP, LLC

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Sponsoring Broker:
Ronald A. Sofranko, Principal

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