Iconic Utah Restaurant & Catering Seeks New Owners

Not Disclosed, UT

Asking Price: Annual Revenue:
$1,500,000 $6,248,494

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Iconic Utah Restaurant & Catering Seeks New Owners Broker: Shiloh Sorensen

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $6,248,494
Net Profit: Not Disclosed
Cash Flow: $126,676
Total Debt: Not Disclosed
FF&E: $418,000
Real Estate: Not Disclosed
Year Established: 1979
Employees: 100
BBN Listing #: 97854955
Broker Reference #: 7403-17097

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Business Overview:

This is a once-in-a-lifetime opportunity to acquire an iconic Utah restaurant. This Company offers a wonderful community oriented and family friendly fine dining experience as well as very successful catering services. They have an exclusive "in-house" catering venue and are the preferred caterer to more than 20 venues in the area. Revenue is currently split evenly between the restaurant and the catering services with strong year over year growth.

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Property Features and Assets:

This business has a full service "Brick & Mortar" location and an exclusive in-house catering kitchen. Company has invested more than $100k last year in equipment and supplies on in-house catering location. Each location seats over 100 people and has strong customer retention. Assets:$436,500.

Market Competition and Expansion:

Although there is competition in the restaurant and catering services, this business is the "go to" for fine dinning and catering services. With a strong presence in Utah, the Company is focused on expanding catering services throughout Washington, Salt Lake and Utah county.

Reason for Selling:

Family owned business it is time to move on.

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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