Business For Sale

American Style Restaurant with Full Bar

Not Disclosed, UT
Salt Lake County


Asking Price: Annual Revenue:
$315,000 $714,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: American Style Restaurant with Full Bar Broker: Saul Komisar
Owner Financing is Available!

Quick Facts

Asking Price: $315,000
Annual Revenue: $714,000
Net Profit: Not Disclosed
Cash Flow: $129,000
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: Not Disclosed
BBN Listing #: 30649963
Broker Reference #: 1401-84246

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Business Overview:

Identified Areas for Significant Growth

For nearly twenty years this Salt Lake City restaurant has been catering to both tourists and locals, strategically located in central Salt Lake County and in walking distance to several large hotels. The restaurant has a loyal following and great online reviews from across all of the key platforms. Recipes are well thought out and organized. The kitchen staff is fully intact, well trained and with long tenures. The front staff also has been in place for many years including the management team. The restaurant has a full liquor license that caters especially to the area’s hotel guests, which have become repeat customers over the years. This business has been profitable for many years and still growing. The owners are ready to retire and pass the business on to a new buyer ready to take the restaurant to the next level.

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Property Features and Assets:

The restaurant has all of the required equipment, including walk-ins, hoods, grease trap, espresso machines, etc. It is a vast array of equipment that is in good working condition and not being used at full capacity. The restaurant itself has recently been updated and has plenty of room for expansion. • Newly Remodeled Restaurant • Fantastic Online Reviews • Twenty Years Successfully in Business • Full Liquor License • Located Near Many Hotels & Airport with Limited Competition • Room to Expand with Additional Seating • Long Term Lease Possible • Owner Financing Available for a Qualified Buyer • Receiving Customer Stream from Both Locals & Repeat Business Travelers

Market Competition and Expansion:

There is limited competition in the area. Many of the neighboring hotels do not have kitchens so they routinely send guests to this restaurant, which is a short and safe walk nearby. That the business has one of the only local liquor licenses within walking distance, is also a tremendous advantage. The current owners essentially spend nothing on marketing. There is a built-in base of repeat customers and hotel referrals that keep the sales at a high level. A new owner has the opportunity to build a website and invest in traditional marketing efforts. In addition, the current owner used to routinely reach out to area hotels but have stopped doing that in recent years. Further, although the restaurant has a full liquor license, this is not heavily promoted to customers. An industrious buyer could portion off a part of the spacious facility to cater to a sports viewing demographic without interfering with the existing crowd. The restaurant also does not cater or deliver, which the current owners believe would substantially grow both the top and bottom lines of the business.

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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