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Semi Absentee Bar & Restaurant On Main Street Park City
Location: United States -> Utah
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This beautiful restaurant is perfectly located on Historic Main Street in Park City and well known by both locals and tourists. The restaurant consistently generates over $1MM in revenue serving dinner only. A new owner could do substantially more by offering lunch, breakfast, weekend brunch or by utilizing its full bar liquor license (one of the few available in Summit County.) The current owner runs the business absentee, and is not involved in the daily operations, which makes this a unique opportunity for either an active owner wanting to take the restaurant to another level of growth or an investor seeking an opportunity to own a business in one of the most beautiful places in the world, adjacent to world class skiing, mountain bike trails and what Outside Magazine recently described as ''One of the best small towns in America.''
In business for many years, the restaurant has a talented front and kitchen staff, refined systems of operation, a competitive advantage due to its unique menu and brand name recognition. The atmosphere is both elegant and comfortable and due to its location, adjacent to Park City Mountain Ski resort, comes with a vast amount of dependable walk-in traffic.
This establishment has everything needed to accommodate immediate growth including a spacious kitchen, walk-in refrigerators, freezers, a large bar, walk-in wine room, open seating area, etc. All equipment is in excellent working condition and the build-out has been well maintained. Inventory consists of a wide selection of fine wine and spirits (not incl. in the current price.)
In business for many years, the restaurant has a talented front and kitchen staff, refined systems of operation, a competitive advantage due to its unique menu and brand name recognition. The atmosphere is both elegant and comfortable and due to its location, adjacent to Park City Mountain Ski resort, comes with a vast amount of dependable walk-in traffic.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,150,000
Cash Flow:   $150,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $171,700
Seller Financing:  Yes

About The Business

Year Established:  1993
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  Health




Print Listing Id: 700346843
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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 > Utah Businesses For Sale > Utah Franchises For Sale > Utah Business Brokers



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