Turnkey Restaurant in Thriving College Community

Windsor County, VT

Turnkey Restaurant in Thriving College Community
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Asking Price: Get Financing: $250,000

Cash Flow: $133,000

Gross Revenue: $885,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2009

Turnkey Restaurant in Thriving College Community

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Business Description

Highly Successful Restaurant generating over $130K to its owners.

This upscale restaurant has been locally owned and operated for over nearly 10 years and has developed a very loyal clientele among residents, businesses and tourists. The business has an excellent reputation for the quality of its food and friendly, knowledgeable staff earning it top recognition from Trip Advisor, Yelp and Open Table.

The business has consistently provided a meaningful cash flow for its owners.

Detailed Information

Inventory:
Included in asking price
Employees:
13
Facilities:
The business operates out of beautifully restored historic building occupying 2,800 square feet of leased space. The current lease extends through April 2019 and the sellers are currently negotiating an extension option with the landlord. The main dining room accommodates 70 seats with a bar area accommodating an additional 12.
Competition:
This is a reputable, well established business with a strong customer following among residents, businesses and tourists.
Growth & Expansion:
The restaurant is currently only open 5 evenings a week which presents a meaningful opportunity to grow this business simply by expanding the hours of operation. The sellers are confident that opening for one additional evening would result in an incremental $60K in revenue. There is also an opportunity to increase revenue through more active marketing, promoting the business by hosting special events, and providing catering services for local events.
Financing:
To be negotiated
Support & Training:
Sellers will assist in the transition and train new owners as well as enter in to a non-competition agreement.
Reason for Selling:
The business is being offered for sale as the owners are approaching retirement.
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Country Business Inc.

Business Listed By:
Administrative Manager

Country Business, Inc.

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