Profitable, Popular Lehigh Valley Restaurant and Bar near Sands Casinos
| Asking Price: | $650,000 | Inventory: | $10,000 ++ |
| Gross Revenue: | $564,000 (comments below) | Real Estate: | n/a ** |
| Cash Flow: | Not Disclosed (comments below) | FF&E: | $440,000 ++ |
| ++ included in the asking price ** not included in the asking price |
| Gross Revenue Comments: 2008 est. |
| Cash Flow Comments: 2008 |
This very popular restaurant and bar has a history of profitability along with an excellent reputation for high quality meals, drinks and service. This favorite meeting place is well renowned for it’s expertise in the conception of new recipes for food and drinks. Catering to an upscale clientele, this ”in” location is the place to be for drinks after work, a great meal and gathering with friends and family. Theme parties are hosted for all holidays and local events. This multi-award winning eating and drinking establishment has been profitable and stable because of: great food, great drinks, outstanding service and a loyal, diversified clientele. Today this company has 20 highly qualified employees with revenues of approximately $564,000. Their primary target market is within a sixty mile radius of their location. They are well located in a popular growth area, which attracts both locals and heavy tourist trade. The business has been built on personal relationships with customers. In addition to prolific traditional marketing activity, its reputation has been built by “word of mouth” referrals based on the enjoyable experiences of other customers. There are many opportunities for expansion and growth. This business is located in Eastern Pennsylvania in the Lehigh Valley (Allentown, Bethlehem, Easton) in close proximity to the new Sands Casinos. The current owners have decided to sell the business to spend more time with their young children. They will train free for one month (and for an additional negotiable period of time, under contract) if this is desired.
About the Business
Employees:5 full time - 14 part time
Facilities:Leased attractive historical building in good condition with right of first refusal if ever sold. Long lease with rental rates locked in. Great interior decor.
Market Outlook and Competition:Located in a heavily trafficked, popular commercial area with other restaurants and bars. Frequently busy when others are not. Several excellent expansion possibilities. In Lehigh Valley (Allentown, Bethlehem, Easton) near new Sands Casinos
About the Sale
Reason For Selling:To spend more time with their young children.
Seller Financing:Will be considered for qualified buyer.
KEYWORDS: restaurant, bar, tavern, food, drinks, profitable, growth, Lehigh Valley (Allentown, Bethlehem, Easton)
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