Owner is moving and this is now priced for quick sale. A gem of a business. Cash cow in every sense of the expression. Located on a busy road. Excellent condition. Owners have a superb reputation for serving top-of-the-line meals. The party rooms enjoy privacy and spacious areas. This is a turnkey operation and needs no upgrades to continue to service its existing customer base. Parties are booked at the same volume (or slightly higher) than last year, with little marketing or advertising.
This 7000 square foot facility is in tip-top condition. There is more than ample off street parking for both the restaurant and all of the party rooms. Further, there is a shed with over another 900 sq.ft. of storage area. The main dining room seats 90. The outside seating is 25; the bar area seats 25; and the Party Rooms seat 25, 40, and 175, respectively. The Party Rooms are way underused. A new owner could expand into far more catering, branding and take-out service.
The owner is motivated to sell, and the pricing seems quite reasonable for the volume, facilities, and quality of equipment.
There’s no reason to think any key employees would leave. There’s no reason to think any core business would leave. There is only upside potential.
Updated on March 11, 2017 at 7:28 pm