Stylish Downtown Eatery
Not Disclosed, UT Salt Lake County
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- RE: Stylish Downtown Eatery
- Contact: Kathy Sturzenegger
Quick Facts
| Asking Price: | $690,000 | |
| Annual Revenue: | $1,920,855 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $230,017 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2004 | |
| Employees: | 40 | |
| BBN Listing #: | 992113 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Founded in 2004, this contemporary neighborhood restaurant offers affordable, high-quality Italian food for brunch, lunch, and dinner seven days a week. Offerings include a full wine, cocktail and beer menu as well as catering, online ordering, reservations and walk-ins, with patio dining in the warmer months.
The current owner utilized his 30 years of experience as a chef, restaurant owner, and food and beverage director to turn the business into a profitable and popular downtown destination. He is now semi-absentee, spending less than ten hours a week in the restaurant managing accounting and menu development. He is ready to sell the business and retire and is willing to provide up to three months of training as well as a non-compete agreement that covers the Salt Lake Valley. The business requires liquor, business, and health licenses and permits.
Contact the Seller:
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Property Features and Assets:
3,700 SF restaurant, 3% yearly lease increase, expires July 2029
Reason for Selling:
RetirementAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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