This upscale York County restaurant/tavern/beer package goods store is a popular food and beverage destination for area adults and families. Not only is it a full-service restaurant, it holds a full class “R” liquor license and houses an adjacent retail bottle shop (beer only). The restaurant underwent a professionally-guided change of format in late 2013, and since then, sales and margins have increased substantially.
The company has been fully reviewed and conservatively appraised by an accredited national valuation firm at slightly less than 4x SDCF (ttm). A full valuation report is included in the prospectus. The deal includes $25k in A/P and gift certificates to be assumed and $35k in inventory. The business is pre-qualified by an SBA lender subject to buyer’s financials, and the proposed deal structure would yield more than $155k in after-acquisition-debt cash flow.
(ALL DATA BASED ON SIGNED TAX RETURNS)
This business currently utilizes both a 6,000 sq. ft. indoor bar and restaurant facility as well as a 2200 sq. ft. year round deck for outdoor dining in the summer months and heated indoor dining, banquet & other events in the winter months.
It is projected that a new owner will obtain additional growth by expanding on- and off-premises catering, adding an additional bartender for the late night bar crowd, adding a separate deck bar, and adding a Sunday brunch menu, all with a minimal investment of $10k or less. Changes to PA liquor laws have enabled the package goods business to also sell wine “to go.”
The company enjoys a competitive advantage by offering a polished, yet casual environment, with a choice of indoor and outdoor dining as well as superior food quality, impeccable service, and a large variety of craft beers.
A comfortable six week transition period will be provided by the owner who truly wants to see the business continue to flourish. A very well trained and highly qualified team is already in place and will stay to support the new owner in all aspects of the business.