Successful European Restaurant for Sale in Park City

Summit County, UT

Seller Financing Available
Successful European Restaurant for Sale in Park City
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Asking Price: $525,000

Cash Flow: $231,000

Gross Revenue: $458,000

EBITDA: N/A

FF&E: $100,000

Inventory: $15,000

Rent: $3,500 /Month

Established: N/A

Successful European Restaurant for Sale in Park City

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Business Description

Voted Best Restaurant in Park City

This Park City favorite has been in business for many years and has established a loyal following amongst locals and repeat seasonal tourists. The restaurant has the highest online reviews in Park City and is regularly booked to capacity with reservations required. The dishes are prepared with passion and tradition, using only the freshest, highest quality ingredients. The atmosphere is cozy with a seating capacity just over forty. Situated in a high traffic location near shopping and major attractions, the restaurant is not hindered by parking issues plaguing most Park City restaurants. This is an ideal opportunity to own a restaurant the number one ski town in the US.

Detailed Information

Location:
Summit County, UT
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Included in the sale is an immaculate kitchen with equipment that was purchased new and well maintained, ample parking and family recipes built over generations. • Favorable Lease • Ideal location with ample parking • Identified areas for growth • Excellent Online Reviews • Loyal Clientele with Reservations Booked for Weeks in Advance • Turn-key Restaurant with Trained Front and Back Staff • Accounting Records in Pristine Condition
Competition:
None. This restaurant has successfully created its own category and is beyond comparison.
Growth & Expansion:
The current owners only have the restaurant open five days a week for dinner. The previous and popular lunch menu can easily be re-established as the owners set it to the side to focus on their dinner menu. Outdoor seating is available and constant take-out and catering requests can be added, which the current owners are not pursuing.
Support & Training:
2 weeks
Reason for Selling:
retiring
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(from currently available funds)
 
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Aimée Christiansen

Business Listed By:
Aimee Christiansen

Transworld Business Advisors of Utah

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Sponsoring Broker:
Saul Komisar

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