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Newer Steakhouse
Location: United States -> Pennsylvania -> Lehigh County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Newer, must see, gourmet Steak house now available. Features Location, Location, Location... (30,000 people working within 5 miles, (means strong lunch and catering), and another 26,000 homes within the same radius Means Strong dinners as well. Along with Great food and service is an inspired design and build out with seating for 120 between indoor and out. 64/60 respectively. This, best in class, restaurant is Growing, at present, an astounding 30% week. This is expected to continue as this beautiful newer fine dining restaurant is the jewel of a fast growing and undeserved community. Sell open to selling out right or taking on a managing partner. Partner would be guaranteed $52,000.00 year plus commensurate to equity purchased net profit each week. Minimum Buy-in $250,000.00


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $1,820,000
Cash Flow:   $533,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $24,000
Seller Financing:  No

About The Business

Year Established:  2014
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The seller will train the new owner.
Reason For Selling:  Fits business model

Photos

View Larger Photo(s) Of Business
Newer Steakhouse Photo 1 Newer Steakhouse Photo 2 Newer Steakhouse Photo 3




Print Listing Id: 700247232
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Pennsylvania Businesses For Sale > Pennsylvania Franchises For Sale > Pennsylvania Business Brokers



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