Iconic Moab Bar/Restaurant

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2+MM revenue, Full Liquor License, 265 seats, prime location
Asking Price:
$745,000

Gross Revenue:
$2,136,000
Cash Flow:
$200,000
EBITDA:
$200,000
Inventory:
 Not Disclosed

FF&E:
$200,000
included in asking price

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Business Description

Eddie McStiff's is and has been since 1991 the place to go for great food and a relaxing full service bar with a huge beer selection on tap. Something for everyone with a diverse menu full of signature creations. See the menu and photos at www.eddiemcstiffs.com. Numerous sectors allow seating options in a shaded and misted outdoor patios, private verandas, upstairs comfortable lounge, the game room, a main dining area and the tavern. Set up to deal with groups of any size.
The business has grown steadily over 27 years and now it's time for Eddie to retire. Perfect turnkey established profitable business for the next operator. Located in McStiff's Plaza lending extra signage and marketing right in the center of Moab.
Hundreds of lodging beds within walking distance make this the ultimate location. Constant upgrading has kept the Restaurant and Plaza in the forefront in the very busy Moab marketplace.
Arches National Park gets over a million visitors a year and they spend the night in Moab. Also the mountain bikers, rafters, kayakers, jeepers, dirt bikers, hikers, photographers and folks passing through add to the potential restaurant patrons. Kitchen has produced over 1000 covers a night.

About the Business

Year Established:
1991
Number of Employees:
35
Real Estate:
Leased
Building Sq. Ft.:
12,650
Lease Rate/Sq. Ft./Mo.:
$4,000.00
Lease Expiration:
12/31/2033
Facilities:
FF&E is included. Estimate that if you went out to buy some used some new you would spend 200 - 250K Full list available. Full hard Liquor license has substantial value since there are no more.
Website:
www.eddiemcstiffs.com
Market Outlook/
Competition:
Moab is booming. This location is arguably the best in Town. When the waitlist gets going the patrons get beepers so they can walk the shops in the Plaza.
Growth & Expansion:
The right operator could continue to grow the business. Catering is a possibility if you are not too busy, but that has not been the case.
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About the Sale

Reason For Selling:
Eddie is almost 68 and worn out. Time for the rocking chair.
Training/Support:
Negotiable but definitely enough to transition successfully`

Listing Info

ID:
1361695
Ad Detail Views:
1244

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Business Listed by
Steve Patterson

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U.S. Census Data for Grand County, UT
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Grand County, UT
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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