Seller's Contact Information
- RE: CHRISTE’S RESTAURANT FOR SALE
- Contact: Ed Seger
Quick Facts
Asking Price: | $799,000 | |
Annual Revenue: | $1,796,402 | |
Net Profit: | $257 | |
Cash Flow: | $300,972 | |
Total Debt: | Not Disclosed | |
FF&E: | 200,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1950 | |
Employees: | 32 | |
BBN Listing #: | 995164846 | |
Broker Reference #: | 03-01-23 |
Business Overview:
In business since early 1950's, this is a rare opportunity to purchase a profitable and charming restaurant with banquet facilities.
Well known in the Western New York area specializes in delicious food featuring fresh ingredients and masterful preparation by the culinary team. Whether you’re ordering breakfast, lunch or dinner, the casual yet upscale atmosphere makes it perfect for dining with friends, family, clients and business associates. The restaurant is well positioned, with the right owner to remain a staple for years to come. The strong location combined with a stellar reputation for excellence continues to entice new and repeat customers through their doors.
This restaurant has strong sales, profits and is located in a very desirable location with plenty of parking.
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Property Features and Assets:
The lease is currently $5,651 NNN plus 3% above $1,300,000 with 5 year renewals until 2035.
Market Competition and Expansion:
• More social media engagement – • Menu updating – as seen above in the industry statistics, similar companies are finding success in revamping and shrinking their menus to help reduce costs • Event hosting – there are a multitude of options available that can expand the customer base including banquest, local sponsorship of community teams, themed events, and pop-up experiences • Partnership with other local businesses –opportunities to partner with local breweries, coffee shops, etc. introduce new demographics to the company while bolstering community growth • Branded products – known for its cuisine; the right person can leverage this to insight to take the restaurant into the retail space
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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