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Local Restaurant Chain
Location: United States -> Utah -> Wasatch Front
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This go-to destination for locals and visitors for decades serves a unique menu of specialized cuisine and is known for consistent high-quality and amazing food that has received both local and national recognition. Pre-COVD (in 2019) they had $12.5 million in gross sales, and the Company is seeing early 2022 sales rebounding to pre-COVID levels.

The company was able to survive the pandemic by creating a healthy take-out business that should continue to thrive even as the dine-in business approaches pre-pandemic levels. The business is run efficiently, with some operating functions under a centralized management arm, and many menu items created in a shared commissary kitchen to maintain recipe quality and consistency. There are exciting opportunities to grow the business geographically and market a proprietary line of food products.

A seller note on the business, priced at $6,000,000, may be negotiable for a highly qualified buyer.
The real estate, owned by a related entity, is also available for sale for $8,245,000.


Financials

Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $12,511,489
Cash Flow:   $975,045
Cash Flow Type:  EBITDA
Seller Financing:  Yes

About The Business

Year Established:  1990
Number of Employees:  100 - 200
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  negotiable
Reason For Selling:  retirement




Print Listing Id: 700375209
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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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