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Fine Dining Restaurant
Location: United States -> Pennsylvania -> Philadelphia
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This restaurant is based in the Philadelphia region and has received numerous accolades in local and national press. It was opened in June, 2004 and has completed its first year of operation. This business has been placed on the market for sale due to an opportunity for the owner to purchase a larger restaurant in the region. Due to a hands on attitude (which would not be the scenario at the new location the present owner wishes to purchase), there is an extremely high chance that the chef will stay at the current location and work for the new owner. The average per plate cost is approximately $71 and over 95% of receipts are credit card. Because the restaurant is still new, there are expectations for an increased sales rate of 15% this year and most likely another 7% the year after that as word of mouth and its solid reputation continue. Even with these increases, the new owner may wish to also increase sales by being open seven days instead of the current six and may also provide lunch/brunch which is not currently offered at this location. Contact for more information on this Fine Dining Restaurant business for sale.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $551,000
Cash Flow:   $146,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $45,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2004
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased

About The Sale

Reason For Selling:  Other Opportunity.




Print Listing Id: 70025124
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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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