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Restaurant Pub
Location: United States -> Pennsylvania -> Montgomery County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

A must to see for this successful Restaurant Tavern, centrally located in the heart of the city, a renowned area as an ideal destination for any occasion. The business has a gross yearly income of $2,573,895 and a net income of $418,000 with a long-term lease and an option to purchase the real estate. From a quick bite on your lunch break, to endless weekend brunches on their outdoor patio, to holiday soirées, birthday parties, corporate events & more this tavern is the perfect place. Fully staffed with some of the city's most knowledgeable and friendly servers and bartenders, the elegance and charm of the facility is the perfect blend of comfort and class. The tavern is also known for their eclectic craft beer selection, and boasts to their wide selection of draft lines that are continuously changing with new and exciting choices. Their focus is on small batch & local breweries that offer a uniqueness and edge to their beer.

Their cocktail list is a blend of pre-prohibition classics as well as newly innovative libations; all created with a skill and dedication to the craft of mixology. Whatever your beverage of choice you will find it available with a dedication and mastery to all things booze worthy. The business is also known for its twists on traditional American cuisine, and always provides an exciting menu, from catering to brunch. In addition to sourcing local products, they also offer inspiration from their extensive beverage program. Their customers experience the traditions that have made the Tavern a success for the past fifty years. This industry does require Pennsylvania State government licensing approval to purchase or operate due to the liquor license requirements. This company has forty full & part time employees who are unaware of the pending sale, and fully expected to remain post-closing, also the monthly payroll expense is approximately $60,000.

This business transaction will offer a new commercial lease which will expire 2037-01-01.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $2,573,895
Cash Flow:   $418,000
Cash Flow Type:  EBITDA
Inventory:  $575,000
Seller Financing:  Yes

About The Business

Year Established:  2003
Number of Employees:  35 - 49
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason For Selling:  This transaction / sale is due to the partners separation.




Print Listing Id: 700287007
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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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