Business For Sale

Fine Dining on Main Street, Park City

Park City, UT
Summit County


Asking Price: Annual Revenue:
$398,000 $1,166,871

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Fine Dining on Main Street, Park City Broker: Saul Komisar
Owner Financing is Available!

Quick Facts

Asking Price: $398,000
Annual Revenue: $1,166,871
Net Profit: Not Disclosed
Cash Flow: $153,375
Total Debt: Not Disclosed
FF&E: $105,000
Real Estate: Not Disclosed
Year Established: 1993
Employees: Not Disclosed
BBN Listing #: 849249963
Broker Reference #: 1401-292305

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Business Overview:

Absentee Operated, Club License Included.
The beautiful restaurant is perfectly located on Historic Main Street in Park City and well known by both locals and tourists. The restaurant generates over $1MM in revenue serving dinner only. A new owner could do substantially more by offering lunch, breakfast, weekend brunch or by utilizing its club liquor license (one of the few available in Summit County.) The current owner lives in another city and is not involved in the daily operations of the business, which makes this a unique opportunity for either an active owner wanting to take the restaurant to another level of growth or an investor seeking an opportunity to own a business in one of the most beautiful places in the world, adjacent to world class skiing, mountain bike trails and what Outside Magazine recently described as “One of the best small towns in America.”

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Property Features and Assets:

In business for many years, the restaurant has a talented front and kitchen staff, refined systems of operation, a competitive advantage due to its unique menu and brand name recognition. The atmosphere is both elegant and comfortable and due to its location, adjacent to Park City Mountain Ski resort, comes with a vast amount of dependable walk-in traffic.

Market Competition and Expansion:

There is competition in Park City but this restaurant has carved out its own successful niche, with little direct competition to its unique menu. There is a huge opportunity for growth simply by expanding the hours of operation to include lunch and breakfast. Perhaps the most underutilized asset of the business is the club license, which the current owners have not taken advantage of both in terms of hours of operations and the opportunity to attract a large, late-night crowd of cash paying guests. There have been highly successful bars on Main Street with a club license that do not offer any meaningful food options, this business can accommodate both models if the new owner would like. Further, the current owner is not involved in the daily operations, so the new owner has the possibility of promoting the business through more direct interaction with both customers and staff. There is also very little being done in the way of traditional advertising.

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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