Reduced Price Moab Bar/Restaurant

Moab, UT (Grand County)

Highway Sign
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Asking Price: $595,000

Cash Flow: $140,000

Gross Revenue: $2,000,000

EBITDA: $140,000

FF&E: $200,000

Inventory: N/A

Rent: $4,000 /Month

Established: 1991

Reduced Price Moab Bar/Restaurant

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Business Description

2+MM revenue, Full Liquor License, 265 seats, prime location

Eddie McStiff's is and has been since 1991 the place to go for great food and a relaxing full service bar with a huge beer selection on tap. Something for everyone with a diverse menu full of signature creations. See the menu and photos at www.eddiemcstiffs.com. Numerous sectors allow seating options in a shaded and misted outdoor patios, private verandas, upstairs comfortable lounge, the game room, a main dining area and the tavern. Set up to deal with groups of any size.
The business has grown steadily over 27 years and now it's time for Eddie to retire. Perfect turnkey established profitable business for the next operator. Located in McStiff's Plaza lending extra signage and marketing right in the center of Moab.
Hundreds of lodging beds within walking distance make this the ultimate location. Constant upgrading has kept the Restaurant and Plaza in the forefront in the very busy Moab marketplace.
Arches National Park gets over a million visitors a year and they spend the night in Moab. Also the mountain bikers, rafters, kayakers, jeepers, dirt bikers, hikers, photographers and folks passing through add to the potential restaurant patrons. Kitchen has produced over 1000 covers a night.

Detailed Information

Location:
Moab, UT
Real Estate:
Leased
Building SF:
12,650
Lease Expiration:
12/31/2033
Employees:
35
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
FF&E is included. Estimate that if you went out to buy some used some new you would spend 200 - 250K Full list available. Full hard Liquor licenses are no more.
Competition:
Moab is booming. This location is arguably the best in Town. Over 10 new hotels and condo projects galore going in.
Growth & Expansion:
The right operator should grow the business to over 3 million. Just needs some new energy.
Support & Training:
Negotiable but definitely enough to transition successfully`
Reason for Selling:
Eddie is almost 69 and worn out. Time for the rocking chair.
Business Website:
http://www.eddiemcstiffs.com
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Business Listed By:
Steve Patterson

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