Passively Owned Upscale Restaurant

Mechanicsburg, PA


Asking Price: Annual Revenue:
$2,700,000 $5,012,374

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Passively Owned Upscale Restaurant Broker: Jared Olson
Owner Financing is Available!
15% Buyer Down Payment $405,000 15% Seller Financing or Equity $405,000 70% Bank Loan $1,890,000

Quick Facts

Asking Price: $2,700,000
Annual Revenue: $5,012,374
Net Profit: Not Disclosed
Cash Flow: $953,465
Total Debt: Not Disclosed
FF&E: $585,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 50
BBN Listing #: 969834398
Broker Reference #: RST010-D

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Business Overview:

This upscale restaurant is able to keep up with their local demand thanks to their excellent staff and management which consists of 30 servers, 18 kitchen staff, 1 General Manager; and 1 Kitchen Manager. This skilled team and established leadership system has allowed the current owner to take on a passive role in the business, only doing general oversight. 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. With over $5M in revenue and cash flow over $705,000, they also maintain a 3-4 week reservation wait list for Friday and Saturday nights!

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 posh place has 5,000 square feet and a capacity to host 100 customers indoors with additional covered booth seating available outside. They get several requests for Sunday brunch which is an excellent growth opportunity.

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 (that 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 $2,700,000, the restaurant is primed to continue its current growth pattern far beyond 2020 with 2021 annualized gross sales over $5M! A 15% down payment of $405,000 returns $564,812 in the first year after debt payments – a 140% return on investment! The current owner has also offered 15% seller financing or equity roll of the purchase to establish her faith in the business’s continued success.

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Property Features and Assets:

Cumberland County Liquor License: $500K (county has sold maximum licenses) Furniture & Fixtures: $85,000 Equipment: $500,000

Market Competition and Expansion:

Expand online presence and introduce new menu items.

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.

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