High-End Eatery – Passive Ownership

Mechanicsburg, PA


Asking Price: Annual Revenue:
$2,650,000 $5,488,047

Food & Beverage: Restaurants, Fast Food, Deli


Request More Information
Contact the Seller

RE: High-End Eatery – Passive Ownership Broker: Jared Olson
Owner Financing is Available!
Financing is approved with a 75% bank loan! 12.5% Buyer Down Payment $331,250 12.5% Seller Financing $331,250 75% Bank Loan $1,987,500

Quick Facts

Asking Price: $2,650,000
Annual Revenue: $5,488,047
Net Profit: Not Disclosed
Cash Flow: $1,276,251
Total Debt: Not Disclosed
FF&E: $585,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 50
BBN Listing #: 933334398
Broker Reference #: RST010-E

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

This high-end eatery is selling on a low multiple of 2.1 and the financing for this purchase has already been approved with the bank loan making up 75% of purchase as shown in our listed funding example! This business offers the buyer an opportunity for passive ownership thanks to their excellent staff and management which consists of 30 servers, 18 kitchen staff, 1 General Manager; and 1 Kitchen Manager. This restaurant comes with over $1M in assets including an exclusive liquor license valued at $500K as Cumberland County has limited licenses – making this a closed market that won’t get oversaturated. Their posh place has 5,000 square feet and a capacity to host 100 customers indoors with additional covered booth seating available outside. With over $5M in revenue and cash flow over $808,000 in 2021, they are able to maintain a 3–4-week reservation wait list for Friday and Saturday nights. They have also been getting frequent requests to make Sunday brunch available, which would be an excellent growth opportunity. Their client base is drawn to the varied menu including elevated and delicious classics like Italian pasta, prime rib, salmon, fried calamari, seared scallops, and mussels.

The COVID-19 pandemic forced the restaurant to close from mid-March through April, but they quickly bounced back with the introduction of curbside pickup (which is still readily available and utilized) and were back to full capacity in 2021. The current owner provides general oversight, but this is a preference and could be easily phased out as they have two full time managers. With an established website but minimal online marketing, a significant and cost-efficient growth opportunity exists for new ownership.

Priced at $2,650,000, the restaurant is primed to continue its current growth pattern far beyond 2021 with gross sales in 2022 annualizing over $5.4M! The current owner has offered to finance 12.5% of the purchase to show her faith in the business’s continued success after the purchase.

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:

Assets Included in Purchase: $1M+ Cumberland County Liquor License: $500,000 (county has sold maximum licenses) Furniture & Fixtures: $85,000 Equipment: $500,000

Market Competition and Expansion:

Growth Opportunities: Expand online presence and introduce new menu items. Open on Sundays.

Reason for Selling:

Retirement Planning.

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.

Documents:

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!