Business For Sale

Bar and Restaurant upper Montco

Collegeville, PA
Montgomery County


Asking Price: Annual Revenue:
$200,000 $1,400,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Bar and Restaurant upper Montco Broker: jack benoff

Quick Facts

Asking Price: $200,000
Annual Revenue: $1,400,000
Net Profit: Not Disclosed
Cash Flow: $125,000
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 1948
Employees: 20
BBN Listing #: 184629962
Broker Reference #: Not Disclosed

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Business Overview:

A once in a lifetime opportunity is here for you to own a restaurant that has been owned by the same family since 1948. This location is a landmark in the area. The restaurant and bar are only open 5 nights per week and they also close for vacation a few weeks in the summer. They have a full staff in place to make an easy transition for a new owner. The restaurant has several dining rooms, a nice bar and a patio. They do 70% happy hour and dinner and 30% lunch. They also have a very nice catering business. Approximately 30% of their sales are from beverages. They have a very large kitchen with plenty of room to expend the menu. On weekends they have live music in the bar area. In addition to the price there is also a $100,000 escrow fee for the liquor license. Contact us about owning this landmark location.

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Property Features and Assets:

Location is a free standing building on a busy road. There is over 10,000 square feet of space plus an outside patio. The business has several dining rooms, a large bar, and two rooms for catering. There is a very large kitchen. There is a nice equipment package as well as a full POS system and a new LED sign. The rent will be $10,000 per month NNN.

Market Competition and Expansion:

The current owners are only open 5 days per week. They feel they could open 7 but don't want to change their lifestyle. They also feel that a more aggressive catering sales and marketing program should be implemented.

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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