Popular Full-Service Steakhouse

Not Disclosed, UT
Utah County

Asking Price: Annual Revenue:
$600,000 $1,493,565

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Popular Full-Service Steakhouse Broker: Arthur Warsoff
Owner Financing is Available!
Owner Financing Terms $250,000.00 Owner Financing Interest 7% Owner Financing Terms Months 60 Owner Financing Monthly Payment $4,950.30

Quick Facts

Asking Price: $600,000
Annual Revenue: $1,493,565
Net Profit: Not Disclosed
Cash Flow: $264,803
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 19
BBN Listing #: 264050336
Broker Reference #: 15541-714782

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Business Overview:

This popular steakhouse features authentic Latin recipes prepared with high-quality, fresh ingredients cooked to order in a full-service setting. The menu includes steak, chicken, seafood, and family recipe desserts. Generous portions and an engaged and welcoming staff ensure that no one leaves hungry. A variety of social activities including live music, karaoke, and watching sporting events make this restaurant a favorite destination for locals and visitors.

The business has been open over five years, and since opening, the business expanded menu offerings and operating hours to accommodate growing demand. Recent expansion into an adjoining space and additional renovations have created a separate party room to fuel continued growth. The restaurant is located along a main artery, and it is convenient to apartment buildings, single-family homes, multiple office buildings, and universities.

While there are a variety of other Latin restaurants in the area, none offer the combination of fine dining, authentic fresh food, and the overall experience of dining at this business. A strong social media presence, liquor license, and very loyal customers help to differentiate this restaurant from its competitors. The restaurant successfully pivoted to remain open through COVID by creating a limited take-out menu when restaurants could not serve in-house.

In order to continue the growth trajectory, a new owner could expand catering, adjust days and hours, and continue to have special events on-site. A new owner could also grow through expansion to new locations or creating a franchise model for the concept.

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Reason for Selling:

Other business interests.

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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