Profitable Bar & Restaurant for Sale

King Of Prussia, PA
Adams County


Asking Price: Annual Revenue:
$650,000 $1,993,451

Food & Beverage: Restaurants, Fast Food, Deli


Request More Information
Contact the Seller

RE: Profitable Bar & Restaurant for Sale Broker: Steve Weinbaum

Quick Facts

Asking Price: $650,000
Annual Revenue: $1,993,451
Net Profit: Not Disclosed
Cash Flow: $199,479
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2001
Employees: 20
BBN Listing #: 13898096
Broker Reference #: 8116

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

Buy this Iconic and Profitable 6000 Square Foot Bi-Level Bar and Restaurant for Sale Located just Fifteen Miles from Philadelphia PA. Price includes a "Type R" Liquor License valued at over $350,000. 2019 Annual Revenue of $2 Million Generated Seller Discretionary Earnings of $240,000. Sellers would consider some owner financing for a well qualified buyer / operator. Twenty-year old Bar and Restaurant operating at this location since 2015, serving guests in the King of Prussia and surrounding areas with amazing food, drink, service, and atmosphere. Revenue prior to the Covid-19 outbreak was averaging $2 Million annually generating $200,000 in owner earnings. 2020 revenue was impacted due to state and county restrictions, however, reputation and customer loyalty remained high. A restaurant of this size and performance, combined the a "type R" Liquor license for Montgomery County would typically sell for seven figures, however the owners have decided it's time to retire and are offering this incredible opportunity for significantly less. The Bar and Restaurant for Sale is a destination for great meals, hanging out, corporate happy hours, business and client meetings, and special events. There is tons of foot traffic in the area as well as ample parking. Whether its to dine inside in one of their three dining areas, outside under the sun or stars, at one of two bars, of for a special event in their private dining area, this 6000 square foot venue offers this and more. Seating capacity inside and out can accommodate over 300 guests comfortably. The rent is amazingly under $10,000 per month contributing to bottom line earnings. The current lease term runs through 2024 and has two additional 5-year options to renew. Let We Sell Restaurants help you with a lease assignment today guaranteeing the new owner years of continued operation and success. While the owners of this Restaurant for Sale ensure a high level of quality, they are, for the most part, absentee. This profitable bar and restaurant has full FOH and BOH management, and loyal employees in place. The owners would provide two weeks of training, or more, to ensure a smooth transition. The restaurant's reputation is top notch and has received high praise and numerous awards. From 2014-2015 the restaurant received a major face-lift. The owners spent close to $600,000 on renovations including new kitchen and equipment, flooring, ceilings, drywall, electric, plumbing, sprinklers, sound system, central air conditioning and heat, lighting, new bathrooms, and more. The location is perfect and the venue is beautiful...a must see! Don't let this unique opportunity to own this iconic and profitable Restaurant for Sale and liquor license at a fraction of its value. Owner will consider some seller financing to well qualified buyers. Call your restaurant brokers today at We Sell Restaurants.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

2 by 10 burner stove w 2 ovens Imperial 36 inch flattop griddle w oven Imperial 60 inch radiant char broiler Imperial 4 fryers 40lb capacity Imperial 2 by 36 inch salamander: Imperial 30 qt Floor Model Mi byer Unive by 2 by 72 inch Everest Refrigerated Sand prep table 36 inch two door reach in freezer with work top Walk in freezer: 12 ft by7 ft b y7 ft 6 inch Walk in beer cooler 13 ft by 7 ft by 7 ft6 inch Walk in cooler 16 ft by 7 ft by 8 ft 2 by 95 inch Horizontal bottle coolers 96 inch True Pass Thru back bar refrigerated Cabinet 18 four tops 1 round si by top 2 by six by top booths 8 two tops 22 bar height two tops 4 by eight top banquet tables 4 by ten top banquet tables 26 ft long banquette 200 chairs 100 bar stools 21 tap beer glycol system main floor bar 8 tap beer glycol system second floor bar 400 dinner plates 400 bread and butter plates 75 large bowls 50 small bowls Silverware sets for 300 2 by gas fireplaces 32 camera security system 19 large flat screen tv fts POS system with 6 terminals 2 bars on separate floors 3 crystal chandeliers

Market Competition and Expansion:

new hotel and Amerisorse Bergin corporate headquarters being built across street; second largest restaurant in area; 5 year old complete renovation including new plumbing, HVAC, and electrical.

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!