Refine/Revise Search
Asking Price: $2,650,000

High-End Eatery – Passive Ownership

Mechanicsburg, PA
Not disclosed

This high-end eatery is selling on a low multiple of 2.1 and the financing for this purchase has already been approved with the bank loan making up 75% of purchase as shown in our listed funding example! This business offers the buyer an opportunity for passive ownership thanks to their excellent staff and management which consists of 30 servers, 18 kitchen staff, 1 General Manager; and 1 Kitchen Manager. 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. Their posh place has 5,000 square feet and a capacity to host 100 customers indoors with additional covered booth seating available outside. With over $5M in revenue and cash flow over $808,000 in 2021, they are able to maintain a 3–4-week reservation wait list for Friday and Saturday nights. They have also been getting frequent requests to make Sunday brunch available, which would be an excellent growth opportunity. 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 COVID-19 pandemic forced the restaurant to close from mid-March through April, but they quickly bounced back with the introduction of curbside pickup (which 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 $2,650,000, the restaurant is primed to continue its current growth pattern far beyond 2021 with gross sales in 2022 annualizing over $5.4M! The current owner has offered to finance 12.5% of the purchase to show her faith in the business’s continued success after the purchase.

Read More
Cash Flow $1,276,251
Revenue $5,488,047
$ Owner Financing Available

Asking Price: $1,460,000

Design and Furniture Showroom in Furniture Dist.

Not Disclosed, OR
Multnomah County

You can own a successful design and retail furniture store with a proven track record in the premier furniture district of the city. This established company helps clients with a personal touch to design, create and transform interior living environments with upscale exclusive product offerings for living, dining, sleeping, along with lighting, storage rugs and accessories.The property is a retail showroom and storefront with prominent street presence. Also included are two dedicated parking spaces and onsite storage.This business currently operates on a business schedule of Wednesday through Saturday hours.Final inventory at owners cost will be updated and added to the sales price at closing.This Business is SBA Lender Pre-QualifiedThis business has served the community for 20 years. The current owner created, nurtured, developed and grew this business into a successful online and retail destination for its clients. This business has grown as property in Portland has grown and developed. Through its design services and a tasteful selection of products this company has addressed the needs of its discriminating clients.One independent local retailer and two larger retail chain stores in the vicinity. Notable difference is this store offers exceptional customer service through in store and in home design consultation services, along with exclusive product lines and white glove delivery. This business has strong growth potential.•Expand design service•Additional business development to capture opportunities in new construction•Consider opening a second location in Bend or Lake Oswego, Beaverton•Enhance E-commerce platform

Read More
Cash Flow $377,288
Revenue $1,429,521

loading...
TOP ▲
Add Businesses and/or Franchises
To Basket For Free Information

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Review our cookies information for more details.