Well-Known Local Favorite Restaurant in Park City

Park City, UT
Summit County


Asking Price: Annual Revenue:
$435,000 $1,000,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Well-Known Local Favorite Restaurant in Park City Broker: Saul Komisar
Owner Financing is Available!

Quick Facts

Asking Price: $435,000
Annual Revenue: $1,000,000
Net Profit: Not Disclosed
Cash Flow: $120,000
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1997
Employees: 27
BBN Listing #: 358349963
Broker Reference #: 1401-875842

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Business Overview:

Park City restaurant featuring a healthy, unique, and culturally diverse cuisine. In operation for over twenty years, the business is a favorite of both locals and repeat tourists alike. The restaurant provides a fun atmosphere, as well as some of Park City’s most unique entrees and cocktails. The menu features seasonal selections, consisting of local and fresh ingredients, responsibly sourced from both wild and organically farmed estuaries. The menu is well thought out by an accomplished chef. The dishes and ingredients, while favorably complex, are well documented and easily transferable to a new owner. The business offers a large selection of both wine and beer in a welcoming, relaxed, fun and unpretentious atmosphere. The business supports a motivated, well-trained, and experienced front and kitchen staff.

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Property Features and Assets:

The restaurant and bar area is over 2,000 square feet of well appointed space that has been routinely upgraded and modernized over its 20+ year history. The location is perfect for year-round guests wanting to enjoy an evening cocktail and meal with friends all within walking distance to the base of Park City Mountain. The kitchen is fully equipped, thoughtfully designed, and has all the required infrastructure to grow the business exponentially through added services not currently offered by the current owner. This establishment has everything needed to accommodate immediate growth including a spacious kitchen, walk-in refrigerators, freezers, a large bar, walk-in wine room, open seating area, etc. All equipment is in excellent working condition and the build-out has been well maintained. Inventory primarily consists of a wide selection of unique spirits that pair well with the restaurant’s menu. There is a favorable lease in place.

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. Further, while the current owner owns many restaurants, he devotes relatively little time to the daily operations of this establishment. A 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:

Family

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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