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Restaurant For Sale Nets $418k

77/wk
Montgomery County, Pennsylvania, United States
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Asking Price$1,750,000
Revenue$2,573,895 Established2003
Cash Flow$418,000 Employees40 full-time
FF&E$575,000* FranchiseNo
Inventory$2,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
A must to see for this successful Restaurant Tavern, centrally located in the heart of the city, a renowned area as an ideal destination for any occasion. The business has a gross yearly income of $2,573,895 and a net income of $418,000 with a long-term lease and an option to purchase the real estate. From a quick bite on your lunch break, to endless weekend brunches on their outdoor patio, to holiday soirées, birthday parties, corporate events & more this tavern is the perfect place. Fully staffed with some of the city’s most knowledgeable and friendly servers and bartenders, the elegance and charm of the facility is the perfect blend of comfort and class. The tavern is also known for their eclectic 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. Their cocktail list is a blend of pre-prohibition classics as well as newly innovative libations; all created with a skill and dedication to the craft of mixology. Whatever your beverage of choice you will find it available with a dedication and mastery to all things booze worthy. 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 industry does require Pennsylvania State government licensing approval to purchase or operate due to the liquor license requirements. This company has forty 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 $60,000. This business transaction will offer a new commercial lease which will expire 2037-01-01, plus additional options, with a monthly rent of $10,600, all in, cost per square foot is estimated at $32.72, and rent security of approximately $20,000. The business represents a free stranding commercial facility, on an active county road, consists of approximately 3,300 square feet and has an estimated capacity for one hundred and fifty customers. The business fixed assets has an estimated value of approximately $575,000 which is based on liquor license value, equipment and licensing replacement cost. This transaction consists of a fully equipped restaurant tavern, which includes liquor license, web site, social media components, a full commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, web site, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private parking on site as part of the commercial lease. This successful tavern & restaurant operation is active seven days per week, with hours from 11:00 am to 2:00 am. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. This is a dependable, safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. 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.
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 businesses and retail stores.
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 Potential: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.
Training/Support:The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:This transaction / sale is due to the partners separation.
Ad #97667
Seller Reference #REST573
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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