Established American Restaurant w/Loyal Customers

Not Disclosed, UT
Salt Lake County


Asking Price: Annual Revenue:
$250,000 $509,149

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Established American Restaurant w/Loyal Customers Broker: Arthur Warsoff
Owner Financing is Available!
$10,000.00

Quick Facts

Asking Price: $250,000
Annual Revenue: $509,149
Net Profit: Not Disclosed
Cash Flow: $101,346
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1994
Employees: 8
BBN Listing #: 813650336
Broker Reference #: 15541-750695

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Business Overview:

This established American restaurant serves breakfast and lunch seven days per week and has a steady flow of repeat customers. The menu features classic breakfast items including omelets and pancakes, and serves burgers, sandwiches, and heartier entrees for lunch. The business is located in a high growth, high income, high traffic area and has a large well-equipped kitchen, spacious dining area, as well as a separate party room.

The business was established in 1994 and has been in its current location since 2004 under the same ownership. It is a separate building with excellent street visibility, at the intersection of two main roads, next to a new apartment complex, and in an active strip mall. There is ample parking.

While there are numerous other dining options in the area, this business is a special place for regular patrons whom the staff know by name. The restaurant also hosts numerous meetings, groups, as well as weddings and celebrations that use the large party room.

As a result of COVID, hours were reduced to only serving breakfast and lunch hours. A new owner could grow the business by adding dinner hours, introducing outdoor patio dining, focusing on catering and takeout, and increasing marketing and promotions, including an upgrade to the online presence.

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Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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