Business For Sale

Landmark Restaurant with Real Estate

Collegeville, PA
Chester County


Asking Price: Annual Revenue:
$1,450,000 $2,000,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Landmark Restaurant with Real Estate Broker: jack benoff

Quick Facts

Asking Price: $1,450,000
Annual Revenue: $2,000,000
Net Profit: $175,000
Cash Flow: $175,000
Total Debt: Not Disclosed
FF&E: $600,000
Real Estate: $1,600,000
Year Established: 1987
Employees: 30
BBN Listing #: 867329962
Broker Reference #: Not Disclosed

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Business Overview:

Have you ever dreamed of owning a landmark restaurant that is rated one of the best in the Philadelphia area? If so you have found your place. This location has been owned by the same person for over 30 years and he is now ready to retire. The location is only open 6 evening s per week. It is not open for lunch or breakfast. The average cover is over $60pp. The location has seating for over 250 people. There is a full staff in place including a chef that has been at the location over 20 years. The price also includes the real estate that was appraised at over $1.6 and the liquor lics. which has a value of over $400. If you are looking for a location that is running on cruise control and plenty of upside then you have found it.

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Property Features and Assets:

The restaurant is over 200 years old and has seating for over 250 people. It sits on 5 acres and also has 3 rental properties that are included. There is a full POS and large kitchen.

Market Competition and Expansion:

The location has been in business for over 30 years. The owner has a mailing list of over 7,000 people. The current owner does no catering and does not open for lunch even though he has many requests. He does no marketing or advertising and was recently named #1 in his category by a Philadelphia publication.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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