Tavern Restaurant Nets $374K

Montgomery County, PA

Seller Financing Available
Tavern Restaurant Nets $374K
Contact Seller

Asking Price: N/A

Cash Flow: $374,376

Gross Revenue: $3,032,043

EBITDA: N/A

FF&E: $444,000

Inventory: N/A

Real Estate: N/A

Established: 2014

Tavern Restaurant Nets $374K

Save Print Share Valuation Report

Business Description

Well known tavern restaurant in a wonderful area of Montgomery County PA, centrally located in the heart of the city, a renowned ideal destination for any occasion. The business has a gross yearly income of $3,032,043 and a net income of $374,376. From a quick bite to endless weekend brunches on their outdoor patio, to holiday or birthday parties, corporate events & more this tavern is the perfect place to host a gathering. The tavern is also known for their large choices of craft beer selection and boasts to their wide selection of draft lines that are continuously changing with new and exciting choices. Their focus is on small batch & local breweries that offer a uniqueness and edge to their beer. The business is also known for its twists on traditional American cuisine, and always provides an exciting menu, from catering to brunch. In addition to sourcing local products, they also offer inspiration from their extensive beverage program. Their customers experience the traditions that have made the Tavern a success for the past fifty years. This company has appropriate 73 full & part time employees who are unaware of the pending sale, and fully expected to remain post-closing, also the monthly payroll expense is approximately $70,000. The business represents a free stranding commercial facility, on an active county road, consists of approximately 3,800 square feet and has an estimated capacity for one hundred and fifty customers. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Attached Documents


Detailed Information

Location:
Montgomery County, PA
Real Estate:
Owned
Building SF:
3,800
Employees:
73
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business opportunity is in Eastern Pennsylvania, Montgomery County, which consists of various affluent and highly populated communities with continued demand for this product and industry. This successful retail facility which consist of approximately 3,300 square feet has an attractive appearance. The business is on an active commercial avenue and the general area consist of various professional companies and retail businesses.
Competition:
To the best of our knowledge, due to the limited liquor licenses, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion:
The business presently has a basic marketing plan and web site; however, it can be improved which can further develop the business yearly gross sales.
Financing:
Can be available to a qualified buyer with an appropriate down payment.
Support & Training:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
This transaction / sale is due to the partners separation.
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Ron Cervelli

Business Listed By:
Customer Service

Regal Consulting Corp.

Show Phone Number

View My Listings

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1699710 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


First Choice Business Brokers

Franchise Opportunity
Cash Required: $50,000