MergerPlace

Upscale Restaurant

Missouri


  • Asking Price: $235,000
  • Gross Income: $503,658
  • Cash Flow: $81,071
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $111,333
  • Listing ID: #209028
  • Established: 2003
  • Employees: 6 FT / 6 PT

Business Description

Upscale restaurant in a prime location that has been in operation for 15 plus years. The current owner has developed a following at the restaurant over time that continues to visit. In addition, new patrons become returning patrons every year. The restaurant has always been profitable and provides a rare high end dining opportunity at an excellent price point in an area crowded with many lower end eating places.

The business also has space where multiple events can be held simultaneously. This space has been used for many types of events over the years including rehearsal dinners, seminars, birthday parties, etc. This is an area where more time and effort could be focused to boost revenues immediately.

All aspects of the business are carefully considered to make the restaurant an enticing place for business people and casual diners to visit. From the decor to the training of the staff to the carefully planned menu the owner has put his knowledge and experience into creating an enjoyable experience.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Missouri

Company Information

Year Established: 2003
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6 FT / 6 PT

Financial Information

Asking Price: $235,000
Gross Revenue: $503,658
Cash Flow: $81,071
FF&E: $111,333
Seller Financing Available: No

Property Information

Facilities:

The restaurant is is a great location is an excellent area where there are plenty of customers needing high end dining. The building was totally remodeled for the specific purpose of housing this restaurant. There is a main dining room with a bar. There is also a private room for events and a second bar and party area. The space is decorated in a style that fits with the theme and menu of the business and puts customers at ease.

Growth & expansion opportunities:

There is always potential for growth with a new owner that has fresh ideas and fresh energy. The current owner has 30 plus years of experience in the business but as time has passed he does not have the same energy for continuous improvement as he did in his younger days. A new owner would bring this energy and could build on the solid base with some new concepts. A new owner could also put some emphasis on marketing in different ways including social media efforts, which could be improved upon. The event space could be featured more to bring in additional revenue. In addition to these items online ordering and reservation systems could help boost revenues.

Competition:

This restaurant is in a prime location in an area of town where there are very few high end restaurants which means there is not much competition. There are many fast food and fast casual restaurants and also many bars in the area. However, there are only one or two other high end restaurants that are true competitors. This is a nice situation because for folks that want to stay in the area and have a nice meal, the options are limited. Combine this with the level of service and quality of food and it leads to an excellent customer base.

Reason for selling:

Owner is ready to retire after 30 plus years in the restaurant business.

Support & Training:

Will train for 2 weeks @ no cost This restaurant offers high end dining for lunch and dinner. Many business people take clients to the restaurant daily to conduct important affairs in an upscale atmosphere that is quiet and relaxing. In the evening there will also be business clientele along with couples, friends and family all dining together. A city business license is required to operate the business along with a liquor license. The business is also subject to health code inspections.

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Business Listed By:

David Hamm

Murphy Business Brokers